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₿ BTC vs ETH After the Jobs Shock The July US employment report was dramatically weaker than expected: NFP: -23K Expected: ~83K Unemployment: 4.1% Wage growth: 3.2% YoY Now the interesting part isn't simply whether crypto goes up. It's which part of crypto attracts the stronger demand. As of Saturday, BTC was trading around $65K, while ETH was around $1,915, with ETH showing stronger short-term momentum. If the macro environment becomes more supportive of risk assets, I want to watch: ETH/BTC If ETH continues outperforming BTC, that tells us the market is willing to move further out on the risk curve. If BTC remains dominant, traders may still be seeking relative safety within crypto. Macro gives us the catalyst. BTC/ETH relative strength tells us where the capital is going. $BTC $ETH #Bitcoin #Ethereum #ETHBTC #Crypto $BTC vs $ETH #AIMemorySelloffEases #BTCETHETFInflowsReturn #SP500Eyes8000