最新报道:ETH/BTC ratio drops 8% in two weeks amid diverging spot flows, marking its steepest decline since April. On-chain data reveals a major ETH holder faces a $177 million paper loss, as 886k ETH now converts to 34k BTC instead of 36k. Bitcoin's spot demand appears dense and anchored, while ETH shows thinner flows and derivative-driven price action, suggesting a structural rotation into BTC as smart money shifts back.