According to Miles Deutscher, the 'Flippening' event has occurred where Ethereum's market capitalization has surpassed that of Bitcoin. This significant shift in the cryptocurrency market could lead traders to reassess their portfolio allocations and strategies. Such a development is critical as it may impact trading volumes and price movements for both Ethereum and Bitcoin. Traders are advised to closely monitor the market for any further developments and adjust their positions accordingly.

According to AltcoinGordon, the market is preparing for a potential 'Flippening,' a scenario where Ethereum's market capitalization surpasses Bitcoin's, indicating a major shift in market dynamics. This concept is essential for traders as it could lead to significant changes in trading strategies and portfolio allocations (source: AltcoinGordon on Twitter).

According to Miles Deutscher, 'The Flippening' was once considered a possible event where Ethereum could surpass Bitcoin in market capitalization, highlighting past market sentiments impacting trading strategies and investor expectations.