We are not in a bear market
ETH/BTC is one of the most significant indicators of this fact
When ETH/BTC is on an upward trend (which it currently is), it always coincides with BTC being on an upward trend
The upward trend of ETH/BTC has lasted for at least 416 days
Now there are only 234 days left
Furthermore, during every bear market we have experienced, ETH/BTC has been in a downward trend
Currently, ETH/BTC is in a very obvious strong upward trend
This is not a matter of "it's just a chart, brother, it doesn't mean anything...."
ETH/BTC is not just a chart that can be summarized
It is the main chart indicating the market's risk position, as it defines the position of liquidity rotation
From the chart, it can be seen that an increase in ETH/BTC does not mean a decrease in BTC, or that BTC has peaked
It simply means that the relative value of Ethereum is strengthening, which suggests
that the market is preparing for higher risk behavior in the future
Combining all these factors with loose monetary policy makes perfect sense $BTC
