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Market maker says Ethereum is the wrong trade for this macro, dropping 10% this week – TON BOT

Market maker says Ethereum is the wrong trade for this macro, dropping 10% this week

Ethereum dropped 10.2% this week, with the ETH/BTC ratio at 0.0275. Market maker Wintermute says ETH is not suitable for the current economic environment with rising yields and inflation. Wintermute also warns against being long on BTC, as institutional investors may not return to the market amidst increasing Treasury yields and inflation concerns.


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