Main to remember
Ethereum leads the market: ETFs and leverages effect the domination of ETH higher, the signaling potential 2025.
Ethereum (ETH) continues to bend while Bitcoin (BTC) cools.
In particular, BTC reached $ 124,000 but displays red monthly yields, while ETH holds + 16%, testing the resistance and absorption of capital flows. This has pushed ETH.D from 8% to 14% since May, while BTC.D slipped from 60% to 59%.
On the chain and the product is retreating. Ether ETF led $ 2.9 billion $ 3.75 billion in $ 3.75 in $ 3.75, pushing ETH to $ 4.7,000, while BTC caught only $ 552 million despite its top of all time.
Source: Coinshares
And it doesn’t stop there.
The ETH Spot ETH went into stupid mode, reaching 17 billion dollars in weekly volume as part of a combined crusher of $ 40 billion BTC and ETF, signaling a heavy liquidity rotation in Ethereum.
Basically, the market tells us ETH is the current capital magnet, with the FNB and the flow of punctuals which support the history of domination.
So this 4% weekly decline? A shaving minor in a broader capital rotation in Ethereum?
Ethereum in the driver’s seat
Since May, ETH has torn off 100% +, while BTC has been stuck around + 20%, showing the domination of Ethereum’s capital on the macro frame. And now speculative flows accumulate.
In the first two weeks of the month, ETH pulled nearly $ 10 billion leverage, with an open interest reaching a record of $ 65 billion, while BTC barely moved the needle with an influx of $ 1 billion.
This means that the liquidity of derivatives runs hard in Ethereum, not only the occasional flows. The gain? ETH / BTC flashes its first Green Mom Mom Green consecutive since 2022, with the ratio up 70% + since May.
Source: TradingView (ETH / BTC)
Why is it important?
In a risk configuration, money clearly pursues Ethereum. The spot and lever effect flows accumulate on ETH, leaving BTC in the dust on weekly and monthly returns.
Consequently, this means that the 4% recent Ethereum decreases more a shaking than a trend reversal, offering what could be a main entry point for the increase in 2025.
