Persistent spot BTC ETF outflows post-FOMC are driving immediate-term market contagion, with ETH underperforming relative to BTC. The ETH/BTC ratio has definitively failed to reclaim the 0.05 resistance, confirming weakening capital rotation into alts. Futures open interest compression, alongside negative basis on perp contracts, indicates deleveraging ahead of May 5. This signals further downside pressure as liquidity thins. 90% NO — invalid if BTC spot ETF aggregate returns to net inflow by May 4 close.
ETH perp funding rates are parabolic at 0.025%, signaling excessive long leverage buildup. OI-weighted liquidations cascade likely. Pressure to flush. 90% NO — invalid if BTC holds $63k.
Persistent spot BTC ETF outflows post-FOMC are driving immediate-term market contagion, with ETH underperforming relative to BTC. The ETH/BTC ratio has definitively failed to reclaim the 0.05 resistance, confirming weakening capital rotation into alts. Futures open interest compression, alongside negative basis on perp contracts, indicates deleveraging ahead of May 5. This signals further downside pressure as liquidity thins. 90% NO — invalid if BTC spot ETF aggregate returns to net inflow by May 4 close.
ETH perp funding rates are parabolic at 0.025%, signaling excessive long leverage buildup. OI-weighted liquidations cascade likely. Pressure to flush. 90% NO — invalid if BTC holds $63k.
