Important collection restaurants
Ethereum leads the market: ETFs and lever flows push ETH -Dominance higher, signaling potential 2025 benefit.
Ethereum [ETH] continues to bend while Bitcoin [BTC] cools off.
BTC in particular has hit $ 124k, but places ROD -monthly returns, while ETH +16%applies, testing resistance and absorb capital flows. This pushed ETH.D from 8% to 14% since May, while BTC.D fell 60% to 59%.
On-chain and product it will flow up again. Ether ETF’s drove $ 2.9 billion out of $ 3.75 billion crypto ETP inflow from last week, and pushed ETH to $ 4.7k, while BTC only took $ 552 million despite his all time.
Source: Coinshares
And it doesn’t stop there.
Spot Eth Etfs went Beast Mode, scale $ 17 billion in weekly volume as part of a combined BTC and ETH ETF slur of $ 40 billion, which signals serious liquidity rotation in Ethereum.
In short, the market of the market is that ETH is currently the capital magnet, with both ETFs and spot flows that support the dominant story.
So that 4% weekly pullback? A small shakeout in a wider capital rotation in Ethereum?
Ethereum on the driver’s seat
Since May, ETH has torn 100%, while BTC is stuck around +20% and shows the dominance of Ethereum on the macro frame. And now, speculative Stack in.
In just the first two weeks of the month, ETH attracted nearly $ 10 billion in leverage, with open interest that achieved a record of $ 65 billion, while BTC barely moved the needle with a $ 1 billion inflow.
That means that the liquidity of derivatives is running hard in Ethereum, not just spot flows. The payment? ETH/BTC has blinks its first back-to-back mom Green since 2022, with the 70%+ ratio since May.
Source: TradingView (ETH/BTC)
Why does it matter?
In a risk-to-set, money clearly chases Ethereum. Both spot and lever flows stack up at ETH, so that BTC stays in the dust Weekly and monthly returns.
Consequently, the recent 4% dip of Ethereum makes more a shake out of a trend domination, which offers which could be an excellent access point for the top in 2025.