Crypto community members express caution over short-term market trends, noting Bitcoin and Ethereum's relative weakness. They emphasize the need for a rapid price breakthrough to avoid potential risks. Attention is shifting towards Solana (SOL) for short-term opportunities, with expectations that Ethereum might take a backseat to other cryptocurrencies temporarily.
Arbitrage strategies have emerged as a new focus, with some members developing Python formulas for futures premium arbitrage. However, they predict limited arbitrage opportunities for Bitcoin and Ethereum until June next year. The weakening ETH/BTC ratio has drawn attention, as Ethereum underperforms Bitcoin, while SOL/BTC shows relative strength, indicating market rotation.
Discussions on data analysis tools are active, with members sharing insights on platforms like Glassnode and Amberdata, highlighting the importance of reliable data sources for professional trading.
Crypto Community Eyes SOL as ETH/BTC Weakens
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