Ethereum Outperforms Bitcoin by 42.71% in Q3, Best Quarter Since Start of Year
- —Ethereum rose 70.8% in Q3 after declines of 29.26% in Q1 and 25.28% in Q2
- —A wallet tied to Joseph Lubin transferred 133,298 ETH worth $356.2 million
- —One whale opened a $40.6 million ETH long and a $33.62 million bitcoin short
- —ETH open interest on Hyperliquid exceeds $3.1 billion
Why it matters: The rising ETH/BTC ratio signals continued investor preference for Ethereum, but the trend depends on sustained spot demand.
Source: Cryptonews.net