Bitcoin shows real signs of downside exhaustion from a long-term perspective while Nasdaq-100 correlation breakdown is viewed positively at $64249.8.

According to Miles Deutscher, BTC is exhausted while ETH is not, indicating his view that Ethereum is displaying relative strength versus Bitcoin at this time (source: Miles Deutscher on X, Aug 24, 2025). He adds that readers should use this information as they see fit, positioning it as a concise trading insight rather than a detailed thesis (source: Miles Deutscher on X, Aug 24, 2025).