For a long time, both cryptocurrencies have been trading on a direct relationship. Ether has been moving strongly up when all the ICO's started to hit the market, after that it started strongly trading down after hitting a high above $400. Bitcoin correction was also clear but not as strong as Ethereum one.
As we approach August 1st, we can see something interesting on the trading charts. Bitcoin is in a clear uptrend as Ethereum is on the opposite, showing an indirect relation between both crypto currencies.
The reason could be some investors are moving some of their ETH assets to BTC in order to get the premium BCC as the fork develops, we will have to wait a few hours and days to find the real reason behind this movements.
Well written