ChainCatcher news, according to on-chain analyst Ai Yi's monitoring, a long position of up to 14.49 million USD in the ETH/BTC exchange rate has just been liquidated. The ETH/BTC exchange rate has dropped back to 0.0339, while the historical low so far is 0.03187 in 2021.

ChainCatcher news, QCP Capital's latest analysis points out that after the PCE price index met expectations, BTC returned to the $95,000 mark. ETH performed strongly, with a rise of 11.65% yesterday, reaching a high of $3,688. The ETH/BTC ratio is currently at 0.03760, up 17.8% from last week, with the next key resistance level at 0.0400.Meanwhile, BTC's market cap share has retreated from a high of 61.50%. ETH spot ETFs continue to record strong net inflows, with $90.1 million flowing in yesterday, maintaining positive growth for four consecutive days. Considering that ETH's gains in this bull market have lagged behind BTC and SOL, its recent strong performance supports the potential for a retest of the historical high of $4,868, which still has a 35.4% upside from the current price.

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that the ETH/BTC NUPL has hit a 4-year low. This reflects the bottom levels of early 2020, which may present an opportunity for Ethereum believers.NUPL (Net Unrealized Profit/Loss) is an indicator that measures market sentiment and the unrealized profits and losses of cryptocurrency holders. It reflects the overall state of the market by calculating the net value of unrealized profits and losses of all held assets in the market.

ChainCatcher message, Trader T disclosed on platform X that the ETH/BTC exchange rate has dropped to 0.03465, a new low since April 2021.

ChainCatcher news, BitMEX CGO Raphael stated that ETH/BTC has currently retraced all the gains since the EIP-1559 upgrade to a deflationary mechanism in 2021. Bitcoin consistently outperforming Ethereum is becoming a fundamental expectation in the market. The inflow of funds into Bitcoin ETFs is often more than 100 times that of Ethereum.MicroStrategy continues to raise billions of dollars to purchase Bitcoin, and some large publicly listed companies (such as Tesla) also hold Bitcoin instead of Ethereum.

ChainCatcher message, according to on-chain data analyst @ai_9684xtpa's monitoring, a whale address that has been long on the ETH/BTC exchange rate sold 3,987 WETH (approximately 10.05 million USD) at an average price of 2,519 USD over the past 4 hours to convert to WBTC to repay Aave loans, completely liquidating and cutting losses, ending a year-long "long exchange rate operation."Since 2024, this address has accumulated losses of over 22.45 million USD due to its long position on the exchange rate, having previously chosen to resist liquidation through a flash loan when on the brink of being liquidated.

ChainCatcher message, according to on-chain analyst Yu Jin's monitoring, the largest on-chain position in the ETH/BTC exchange rate long, James Fickel, deposited 20,000 ETH ($50.63 million) into Coinbase Prime 7 hours ago.Today, in addition to continuing to sell 2,000 ETH for WBTC to reduce his position like the previous two days, he also redeemed 26,624 ETH ($67.35 million) from Lido and deposited 20,000 ETH ($50.63 million) into Coinbase Prime.

ChainCatcher news, according to Bitget market data, the ETH/BTC exchange rate has fallen below 0.037, currently reported at 0.0368, with a 24-hour decline of 2.7%, reaching the lowest level since 2021.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, the ETH/BTC exchange rate continues to decline and has now dropped to 0.0371. The largest ETH/BTC bull on-chain, James Fickel, reduced his position again 4 hours ago, selling 2,418 ETH (approximately 6.13 million USD) and exchanging it for 90 WBTC to repay and reduce position risk.It is reported that James Fickel currently still holds a borrowing position of 1,116 WBTC (approximately 75.77 million USD).

ChainCatcher message, according to Ember monitoring, 7 hours ago, the largest on-chain position in the ETH/BTC exchange rate, long position James Fickel, continued to reduce his position by selling 2,000 ETH (approximately 5.06 million USD) in exchange for 76 WBTC to lower his position.

According to ChainCatcher news, OKX has launched ETH/BTC coin-based dual currency winning, supporting BTC and ETH for investment subscription, achieving low buy and high sell. Compared to the USDT coin-based dual currency winning, it offers a new way to earn profits, 0 fees for converting between the two major cryptocurrencies, continuous interest generation, and core highlights such as not missing market opportunities by converting to USDT, helping users hold their coins without worries.

ChainCatcher news, according to @ai_9684xtpa monitoring, ETH/BTC long position James Fickel has sold 2,323 WETH again, exchanging for 88.85 WBTC, worth 5.395 million USD.

ChainCatcher news, according to CoinDesk, FxPro senior analyst Alex Kuptsikevich stated, "In the long term, the activity of Ethereum developers, whether on the blockchain itself or in its increasingly expanding ecosystem, is the reason for the rise of ETH. However, by the end of 2023, this trend has shifted to Bitcoin, as the prospects for exchange-traded funds (ETFs) have become more prominent.It is worth noting that the launch of the Ethereum ETF has not attracted the same buying interest as the Bitcoin ETF, but rather led to net outflows, and has not reversed the downward trend of the ETH/BTC exchange rate.The ETH/BTC exchange rate could further drop into the 0.02-0.03 range. Considering the overall positive sentiment towards altcoins in the months following the Bitcoin halving, as well as the higher beta coefficient of altcoins compared to U.S. stocks, this situation is surprising, especially as U.S. stocks have performed quite strongly in recent months."

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, ETH/BTC rate bull James Fickel sold another 7,600 ETH for 299.8 WBTC ($18 million) 6 hours ago to reduce his position.Since he started reducing his position to stop losses on 8/11, he has cumulatively sold 23,600 ETH for 970.5 WBTC ($18 million) to repay his loan on Aave. He is currently still the largest ETH/BTC rate bull on-chain, with an outstanding WBTC loan of 1,896 (approximately $110.93 million).

ChainCatcher news, according to monitoring by Lookonchain, ETH/BTC long position holder James Fickel has an unrealized loss of approximately 18,000 ETH ($43.7 million).From January 10 to July 1, Fickel borrowed 3,061 WBTC ($172 million) from Aave and exchanged it for 56,445 ETH at an exchange rate of 0.05424. Since August 7, he has spent 12 million USDC to purchase 211 WBTC and exchanged 16,000 ETH for 671 WBTC ($39.9 million) at a price of $0.042 to repay his debt to Aave.Currently, Fickel has a debt of 2,196 WBTC ($132 million) on Aave, totaling an approximate loss of 18,000 ETH ($43.7 million).

ChainCatcher message, on-chain data analyst Yu Jin monitoring pointed out that the "dead bull" James Fickel sold another 3000 ETH last night after the drop in the ETH/BTC exchange rate and exchanged it for 124 WBTC to repay his loan.Currently, Fickel's long position in the ETH/BTC exchange rate has significantly depreciated as the ETH/BTC exchange rate continues to decline. At its peak, he borrowed and sold as many as 2981 WBTC at the end of May, which is now down to 2316.

ChainCatcher message, CryptoQuant posted on social media that since the Ethereum merger in September 2022, the ETH/BTC exchange rate has fallen by 44%. The current ETH/BTC exchange rate is 0.0425, reaching the lowest point since April 2021.

ChainCatcher news, according to monitoring by Lookonchain, as BTC declines, a certain whale was liquidated for 12.67 million dollars on an ETH/BTC long position, while another whale was liquidated for 12.60 million dollars on a BTC long position.

According to ChainCatcher news, monitoring by Ember shows that long-term bullish James Fickel on the ETH/BTC exchange rate has started to reduce his position. Over the past 8 hours, he has sold 10,000 ETH to exchange for 425.75 WBTC to repay loans, thereby lowering his long position on the ETH/BTC exchange rate.From January to July this year, he continuously borrowed WBTC from Aave and then sold it for ETH to go long on the ETH/BTC exchange rate, with his cost basis for the ETH/BTC exchange rate around 0.054. After today's partial reduction, his long position on the ETH/BTC exchange rate remains very large: he still has 2,438.5 WBTC (worth about 148 million USD) in loans.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, the ETH/BTC exchange rate bull James Fickel has started to give up and cut losses. This whale has sold 10,000 ETH for 425.75 WBTC (26 million USD) in the past 5 hours to repay loans, reducing its long position in the ETH/BTC exchange rate.This whale has been continuously borrowing WBTC from Aave and then selling it for ETH to go long on the ETH/BTC exchange rate from January to July this year, with an ETH/BTC exchange rate cost of around 0.054. After partially reducing its position today, it still has a long position in the ETH/BTC exchange rate with 2,438.5 WBTC (148 million USD) in loans.