Ethereum (ETH) has surpassed Bitcoin (BTC) in weekly spot trading volume for the first time since mid-2024, signaling a potential shift in market dynamics.
ETH recorded $25.7 billion in weekly spot volume compared to Bitcoin’s $24.4 billion. This shift coincides with institutional flows favoring Ethereum-focused exchange-traded funds (ETFs), which have seen 15 consecutive days of net inflows.
Meanwhile, Bitcoin ETFs have experienced consistent outflows. Bitcoin’s market dominance has declined nearly 3% over the past week to 60.78%, suggesting capital rotation.
Altcoins are showing early signs of a rally, with the Altcoin Season Index rising to 55. While momentum is building, a confirmed altseason requires surpassing the threshold of 75.
Ethereum has notably outperformed Bitcoin since April, driving the ETH/BTC ratio to 0.031, a peak not seen in over six months.