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ETH has been going down against BTC for 3 years straight, nothing new there. as an asset, SOL more readily gets a speculative bid since it went from $8 to $295 this cycle. ETH, on the other hand, has been relentlessly beat down and traders have zero hope left.

imo, BTC is showing quite a bit of strength given weakness in equities. for context, BTC is ~25% away from all-time highs vs. ~67% for ETH and ~60% for SOL.