After Ethereum Merge, Is Bitcoin Repricing Looming?

Most investors have shifted their focus of attention onto Ethereum because the long-awaited Ethereum Merge has become closer, one of the most interesting facts about 2022’s bear market is that Ethereum outperformed bitcoin across all timeframes.

ETH has surged more in the past 24 hours (6% vs 1%), in the past week (7% vs -2%), in the past month (-1.8% vs -13%), in the past 90 days (-8% vs -34%), and in the past year (-57.9% vs -61.5%). And with the Merge still a hot topic of interest, and due on September 13-15, it is very likely that Ethereum will outpace bitcoin even further in the next few weeks.

But does a short-term rally mean that ETH is going to overtake BTC for good, or even send it into a long-term decline?

This largely depends on whether Ethereum will truly become a deflationary cryptocurrency post-Merge, something which many observers are doubting.