Trading Moment: ETH/BTC hits a low in nearly five years, Bitcoin may continue to dominate the market

Reprinted from panewslab

03/13/2025·1M

Trading Moment: ETH/BTC hits a low in nearly five years, Bitcoin may
continue to dominate the market

1. Market Observation

Keywords: FOMC, ETH, BTC

The ETH/BTC ratio has fallen to its lowest level since mid-2020, with economist and cryptocurrency trader Alex Kruger making a trading suggestion: "If ETH is still held, now may be a good time to turn to high beta altcoins. Even if the market falls, losses in both cases may be comparable, but if the market rises, it is expected to obtain significant excess returns and can then be exchanged for BTC. However, market indicators show that it is still in the "bitcoin quarter", and crypto trader Hansolar has clearly predicted that 2025 will be the "full-year Bitcoin quarter". CoinMarketCap's altcoin season index is only 13/100, and the dominance of the Bitcoin market has risen to 62.15%, far higher than the 42% level when Ethereum hits a record high of $4,800 in November 2021.

Judging from the transaction data, USDT wallet activity has increased significantly. Vincent Liu, chief investment officer of Kronos Research, analyzed that traders usually accumulate USDT during market declines to find buying opportunities. The current surge in USDT activity is a bullish signal that there is a large amount of buying power off the market. As inflation fell to 2.8% in February, lower than expected, this could alleviate cryptocurrency price pressure. Traders also need to pay attention to the upcoming FOMC meeting on March 18, which may point out new trading directions for the market.

It is worth noting that Alliance DAO founder Qiao Wang pointed out that Ethereum has reached an oversold level similar to the 2021 Terra crash, the deep bear market in 2018 and the 2016 DAO hacking incident, and there may be trading opportunities at this price. In contrast, the gaming asset market performed well, and the return on investment of CS2 jewelry has surpassed the S&P 500 index and major crypto assets, becoming one of the best-performing trading products. The total value of in-game items exceeded US$4.3 billion and maintained its upward momentum.

2. Key data (as of 13:00 HKT on March 13)

Bitcoin: $82,999.85 (-11.36%), daily spot trading volume $37.583 billion
Ethereum: USD 1,861.07 (-44.18%), daily spot trading volume is USD 22.944 billion
Corruption Index: 45 (Fear)
Average GAS: BTC 2 sat/vB, ETH 0.60 Gwei
Market share: BTC 61.3%, ETH 8.5%
Upbit 24-hour trading volume ranking: XRP, BTC, ETH
24-hour BTC long-short ratio: 0.9242
Sector rises and falls: Meme sector rises 4%, Layer2 sector rises 3.7%
24-hour liquidation data: A total of 89,371 people were exposed worldwide, with a total liquidation amount of US$256 million, and its BTC liquidation was US$102 million and ETH liquidation was US$61.1789 million.