Summary
Traders predict that Ethereum (ETH) will underperform compared to Bitcoin (BTC) in the future, according to volatility trader Griffin Ardern from Blofin. This indicates that investors are more optimistic about BTC’s performance.
Key Points
1. The downward sloping structure suggests that traders anticipate Ethereum (ETH) to have weaker performance compared to Bitcoin (BTC) in the future. This indicates a more bullish sentiment towards BTC.
2. Griffin Ardern, a volatility trader from crypto asset management firm Blofin, highlights the market’s expectation of ETH underperforming BTC over time.
3. The relative optimism towards BTC’s performance implies that investors have a more positive outlook for Bitcoin compared to Ethereum.