I'd be very interest to see what this looks like Dec 2018 into Jan 2019 but I am unsure if perps were around then. BTC/ETH behaved very uniquely at market lows as well as market highs. A correction is likely coming but it's difficult to gauge if the bottom is in.
Very specifically look at 16th Dec 2018 to the 6th Jan 2019. You will see extreme spikes in ETH/BTC at the market low. This is likely due to extreme BTC consolidation into March for a further three months whilst ETH enjoys a run, the market violently breaks out together once BTC consolidation is complete.
I'd be very interest to see what this looks like Dec 2018 into Jan 2019 but I am unsure if perps were around then. BTC/ETH behaved very uniquely at market lows as well as market highs. A correction is likely coming but it's difficult to gauge if the bottom is in.
Very specifically look at 16th Dec 2018 to the 6th Jan 2019. You will see extreme spikes in ETH/BTC at the market low. This is likely due to extreme BTC consolidation into March for a further three months whilst ETH enjoys a run, the market violently breaks out together once BTC consolidation is complete.