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.
September should be start point for BTC. As Bakkt willbe launched on 23rd September. So alts should start grow in October. Thats was in 2017 during BTC futures and bullrun.