Anyone looking at the ETHBTC ratio on Binanace right now?
I just noticed and it looks like for the last few hours there was a large wall exactly at 0.018848. So far there are 10,000 ETH on the bid which is about 200 BTC worth so about $2,000,000 however this wall has been getting filled for a while so the total order might of been much larger.
I am assuming that the money is coming back into alts and that we hit the low for ETHBTC at least for the ratio. In the near term I don't think we will go much lower. The dominance peaked at 70% and will probably slowly start heading back.
Things should get more interesting when we start September.