Since August 14, the total market capitalization of cryptography has bled around $ 220 billion, Bitcoin (BTC) by lowering around $ 130 billion and Ethereum (ETH) seeing $ 40 billion in outings.
Therefore, the two have now slipped under their cycle peaks. And yet, despite the biggest BTC drain, ETH took heavier technical blow, sliding 8% against 5% BTC.
It tells us that Ethereum works as the highest game. In simple terms, the stiff drop in ETH shows that it is more volatile and reacts more strongly to risk flows than bitcoin.
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On Binance, Bitcoin’s OI dropped around $ 750 million, while Ethereum has lost more than a billion dollars. This indicates a heavier lever effect on ETH, highlighting its clearer sensitivity to oscillations in the positioning of derivatives.
At first, it could read as a drop. However, according to Ambcrypto, this volatility fuels the tip of Ethereum, the king of July almost 6x BTC of 8.13%, and August already almost 20% against 2% of BTC.
Volatility Ethereum: Pain now, potential later
The weekly divergence of Ethereum flashes a trampoline configuration vs Bitcoin. In other words, its deeper withdrawal decompresses the short -term pressure and the positioning of the ETH for beta gains superior to Q4 2025.
Take on June 16 as an example. When the market turned risk, BTC dropped by 4.33% for the week, but Eth took a clearer 12.55, almost three times BTC losses.
However, this prepared the ground for a rebound: the BTC rebounded 7.29%, while ETH jumped 12.17%, causing a rise in several weeks with BTC approaching $ 123,000 ATH and ETH rewarding $ 4,700 on seven weekly candles.
Source: TradingView (ETH / USDT)
The biggest to remember? The consecutive weekly bull movements pushed ETH near its cycle peak with a gain of 115% against 22% BTC, UDErscoring how much clearer has it bounced, strengthening its classic trampoline effect.
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