On May 2, digital asset derivatives company Two Prime announced that despite its success on ETH, it will focus on BTC asset management and lending in the future. ETH's statistical trading behavior, value proposition and community culture have failed to the point where it is not worth participating in. With BTC becoming an alternative, ETH's risk-reward is simply unreasonable. Two Prime claims that as an algorithmic trading company, it values data more than narrative. Data shows that ETH has undergone fundamental changes. Its correlation with BTC has decreased and tail risks have increased significantly. Now, its trading style is more like a meme than a predictable asset. Even during the turbulent period of the first quarter of 2025, Bitcoin maintained its fundamental trend, while ETH experienced multiple standard deviation fluctuations. This stems from the safe-haven environment and widespread selling among long-term ETH holders. This creates trouble for both algorithmic trading and ETH-backed lending, because the asset's performance is no longer predictable, even considering the high volatility expectations in the digital asset market.