TechFlow, May 2 — According to an announcement by digital asset derivatives firm Two Prime, despite its success with ETH, the company will henceforth focus on BTC asset management and lending. Statistical trading behavior, value proposition, and community culture surrounding ETH have failed to the point of being unworthy of participation. Given BTC as an alternative, the risk-reward profile of ETH is simply unjustifiable.
Two Prime stated that as an algorithmic trading firm, it values data over narrative. The data shows ETH has undergone fundamental changes. Its correlation with BTC has decreased, and tail risk has significantly increased. Its current trading behavior resembles that of a meme coin rather than a predictable asset.
Add to Favorites
Share to Social Media
