#the merge

The post Insider Reveals Real Reason Ethereum Is Down 65% vs Bitcoin Since The Merge appeared on BitcoinEthereumNews.com. A pointed critique from inside Ethereum’s developer ranks argues that ether’s 65% slide against Bitcoin (BTC) since the Merge stems from specific execution failures at the Ethereum Foundation, not from broad market cycles or coordination problems. Reid, an ICO-era participant who still builds on Ethereum (ETH), published the indictment, framing the underperformance as accumulated execution debt with names, dates, and missed product calls. A 65% Drop With Names Attached Reid’s central data point lines up with public market data. The ETH/BTC ratio peaked near 0.085 around the Merge in September 2022. It has fallen to roughly 0.028 by late May, capturing ether’s underperformance against Bitcoin. Ether currently trades below $2,000, down 21% over the past year. Ethereum to Bitcoin Ratio. Source: Longterm Trends Reid rejects Bankless co-founder David Hoffman’s framing of