2026-01-12 21:27:09

The Ethereum-to-Bitcoin ratio has found its floor in early 2025, and market observers are drawing parallels to the 2019 pattern that preceded ETH's major recovery. The shift appears tied to accelerating stablecoin issuance, which is breathing new life into Ethereum activity and transaction volume. As liquidity conditions strengthen through expanded stablecoin supplies on-chain, traders are watching whether this mirrors the conditions that historically preceded ETH outperformance against BTC. The ratio bounce suggests a potential inflection point as capital rotates back into the Ethereum ecosystem, with on-chain metrics reflecting renewed momentum on the network.

ETH6,33%

BTC3,11%

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PriceOracleFairy

· 01-12 21:55

ngl the stablecoin issuance angle is the real tea here... everyone's obsessing over the ratio bounce but nobody's talking about how this liquidity injection is basically a statistical anomaly waiting to unwind. 2019 vibes? sure, but the market entropy is completely different this cycle, smh

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WalletsWatcher

· 01-12 21:51

Is the 2019 market wave really about to repeat? It feels like the volume of stablecoins is indeed piling up crazily. Wait, has the bottom been confirmed, or are we just testing it repeatedly? Stablecoins are so strong, the ETH ecosystem is becoming more active, but we need to be cautious about capital games. Speaking of which, how likely is it that history will repeat itself? Capital rotation back into ETH, I believe it only halfway—after all, BTC is still the boss. With on-chain data looking so optimistic, could it be another false breakout? Will the ETH/BTC ratio turn around? I'm holding a wait-and-see attitude...

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AirdropHunter9000

· 01-12 21:46

I also experienced the wave in 2019. This time really feels a bit similar... The rapid increase in stablecoins is a signal that cannot be ignored.

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EyeOfTheTokenStorm

· 01-12 21:41

Is this another story from 2019? My quantitative model shows that the bottoming pattern is indeed valid, but this wave of stablecoin issuance... don’t be fooled. This is a short-term T+ opportunity, don’t expect a full turnaround. --- Historical data will not repeat itself. A risk warning to everyone: think carefully about your stop-loss before entering. --- ETH/BTC ratio rebound? Ha, I see more of a capital game. The true market cycle turn hasn’t arrived yet. The technicals look good, but what about the fundamentals? --- From a macro perspective, the massive issuance of stablecoins is not a good signal. Abundant liquidity does not equal rising prices. Remember the lessons of 2023? --- Another claim of history repeating itself, but this time on-chain data is somewhat interesting... But I still say, don’t overestimate the durability of this rebound.

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SellTheBounce

· 01-12 21:32

I've heard the story of 2019 too many times. Every time, they say the bottom has been found, but there's always a lower point waiting. Increasing stablecoin issuance = liquidity illusion, don't be fooled.

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