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Matrixport Co-Founder Expects ETH/BTC Exchange Rate to Stabilize at 0.0485
Bitget2024/07/26 05:35
Daniel Yan, Co-Founder of Matrixport, said that the ETH / BTC exchange rate is currently at 0.0485, where it is expected to stabilize and is unlikely to fall below 0.0450 in the near term.
He noted that continued ETF outflows will put pressure on the pair, but that shorting from the current position could be risky.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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