Uncertainty rife in the markets - Investors, Traders attempt to decipher the next step

Q remarks on yet another peculiar week in the cryptocurrency markets.

Sentiment amongst traders and investors appears mixed - with weakness in Bitcoin and strength in Ethereum adding to the market’s confusion.

Despite a sluggish Bitcoin, the ETH/BTC cross pair continues to inch higher with the ETH/USD pair sustaining a distinct uptrend on the higher time frames.

Qluster analysts observe this phenomenon on the ETH/BTC daily chart below. Specifically, technical justification is seen in the most recent and decisive breakout from the channel supply line - supportive price action then follows through with a subsequent retest of demand.

Now, let us examine the supply metrics for both Bitcoin and Ethereum.

Specifically, Qluster Data Labs attempts to determine evidence that warrants concern.

Commencing with Bitcoin…

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