BTC
&
ETH
look almost identical the last few days, that is pretty interesting.
However...
Stretch the chart out a bit and it is a very different story. #BTC outperformed #ETH by a decent amount.
------------------------------------
Both BTC showed upcoming weakness. However, Futures #BTC Money Flow went below 0 & stayed there. Spot recovered fast but #bitcoin went lower in April!
Now, we see Futures Money Flow gaining momentum again. Spot has been hanging around here for a bit.
Looks like derivatives are STILL dictating #bitcoin price action.
However...
Stretch the chart out a bit and it is a very different story. #BTC outperformed #ETH by a decent amount.
------------------------------------
Both BTC showed upcoming weakness. However, Futures #BTC Money Flow went below 0 & stayed there. Spot recovered fast but #bitcoin went lower in April!
Now, we see Futures Money Flow gaining momentum again. Spot has been hanging around here for a bit.
Looks like derivatives are STILL dictating #bitcoin price action.