According to @CryptoMichNL, the ETH/BTC pair has been flat in recent weeks, showing Ethereum has not underperformed Bitcoin despite recent stress, which is atypical for a bear-phase correlation. Source: @CryptoMichNL (X, Nov 23, 2025) He notes that in a standard bear market, a 25% two-week decline in BTC would typically see higher-beta ETH fall 40–45%, which did not occur, implying the drawdown pressure has been BTC-specific. Source: @CryptoMichNL (X, Nov 23, 2025) He is monitoring a crucial support on the ETH/BTC ratio; if it holds and ETH outperforms on the next bounce, it would signal rotation and indicate the cycle is not over. Source: @CryptoMichNL (X, Nov 23, 2025) For traders, the focus is on ETH/BTC relative strength as confirmation; a sustained hold and breakout would favor ETH over BTC on rebounds, while a loss of the cited support would negate the rotation signal. Source: @CryptoMichNL (X, Nov 23, 2025)

According to @TATrader_Alan, the BTC.D weekly chart shows Bitcoin dominance rejected twice at a key resistance level, signaling a potential rotation into altcoins. Source: @TATrader_Alan. According to @TATrader_Alan, this setup indicates altseason is loading, which is a trading cue to watch for altcoin outperformance versus BTC if the rejection persists. Source: @TATrader_Alan.