比推消息,Two Prime 宣称,作为一家算法交易公司,更看重数据而非叙事。数据显示,ETH 已发生根本性变化。它与 BTC 的相关性已降低,尾部风险也显著增加。现在,它的交易风格更像是一种模因币,而非一种可预测的资产。即使在 2025 年第一季度的动荡时期,比特币仍保持其基本面走势,而 ETH 则经历了多次多重标准差的波动。这源于避险环境以及 ETH 长期持有者的普遍抛售。对于算法交易和 ETH 支持的借贷而言,这都带来了麻烦,因为即使考虑到数字资产市场的高波动预期,该资产的表现也不再可预测。
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