According to Lookonchain, Bitcoin (BTC) reached the $100K price level for the seventh time while Ethereum (ETH) was trading at $2,000 (source: Lookonchain, May 8, 2025). This notable price divergence highlights a potential decoupling between BTC and ETH, suggesting that Bitcoin's momentum is currently outpacing Ethereum. Traders should closely monitor this ratio, as shifts in BTC/ETH price correlation often signal changing capital flows and could impact trading strategies across the crypto market. The repeated $100K resistance and ETH's relatively lower valuation may present arbitrage or rotation opportunities for active traders.

According to Lookonchain, Bitcoin (BTC) has reclaimed the $100,000 price level while Ethereum (ETH) returned to $2,000, with a major whale holding long positions in both assets now sitting on over $2.8 million in unrealized profits (source: x.com/lookonchain). This significant price recovery highlights strong bullish sentiment and increasing institutional interest in the crypto market, which could attract new traders and drive further volatility in BTC and ETH trading pairs. The whale activity serves as a key indicator for traders to monitor potential large-scale moves and liquidity shifts in the current cycle (source: x.com/lookonchain).