Standard Chartered says Strategy's reduction of its Bitcoin holdings may signal that ETH is starting to outperform BTC.

CoinFeed reported on June 2nd that, according to The Block, Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, stated that Strategy's sale of 32 bitcoins last week could be the starting point for Ethereum to begin a new round of outperformance relative to Bitcoin. Kendrick pointed out that although the sale was "minimal," ETH/BTC saw a significant upward movement, a rare occurrence in recent years, despite a decline in BTC that day. He predicts ETH/BTC will rise to approximately 0.040 by the end of this year, currently around 0.028.