VanEck analyst: BTC and ETH showed a rare divergence today, the first time since 2021

VanEck analyst Matthew Sigel noted a rare divergence between BTC and ETH today: Bitcoin experienced its largest single-day drop exceeding 10%, while Ethereum did not experience a retracement of 10% or more, marking the first such divergence since 2021. This has occurred only 52 days since 2020, representing approximately 2.7% of all days. Historical data shows that under these conditions, Bitcoin's median performance over the next 7 and 30 days is -2.8% and -15.6%, respectively, while Ethereum's is +6.4% (7-day) and -8.4% (30-day). Sigel believes this could be a bearish signal for the crypto market: Ethereum may experience a short-term buffer, but the overall trend remains downward.