Ethereum is rising sharply, while Bitcoin is significantly declining in dominance.
Capital flow is clearly shifting.
The competition for the top is heating up, with a showdown between the two largest cryptocurrencies.
Ethereum is soaring, achieving nearly 50% ROI in less than a month, reaching $2,616 at the time of writing. The strong upward momentum and buyers are in control.
Conversely, Bitcoin Dominance has turned from a high of 65%, and BTC is stagnating with negligible weekly gains.
Therefore, the story of capital flow is becoming prominent. Strategic investors are reallocating capital, and the relative strength of ETH is becoming hard to ignore.
Strategic trend as capital rotates
About a week ago, Ethereum broke the $1,800 mark but was blocked at $2,597. TinTucBitcoin recorded a long liquidity sweep, with 300K ETH sold.
But the rejection is not a reversal, rather a correction.
On May 8, Bitcoin Dominance reached 65.34% before dropping by 3%. Meanwhile, Ethereum Dominance increased by 3%, reaching 9.75% — a clear divergence.
Source: TradingView (BTC.D)
The result? ETH has strongly surpassed the $2,600 supply level, demonstrating a strategic rotation.
With an ROI of over 60% in just a few weeks, Ethereum is providing asymmetric advantages. Therefore, investors are aggressively reallocating capital to seize opportunities.
Ethereum advances while Bitcoin holds back
Not only is capital rotating, but even smart capital is taking advantage of Ethereum's upward momentum.
Abraxas Capital, a major player, has accumulated: 242,652 ETH in the past week, with a total value of $561 million, averaging around $2,312.
It's a meticulously calculated bet below the current level, yielding over $76 million in unrealized profits.
With smart capital and strong price support, ETH could surpass the 3K mark before BTC, which is facing strong resistance at $106K.
However, be cautious. This rotation could change abruptly. ETH/BTC SOPR has surpassed 1 for the first time since January 5.
This signals new profit-taking on the ETH-BTC pair.
Source: Glassnode
At that time, this signal created a bearish engulfing candle of 8.3% on ETH, triggering a long liquidity sweep and causing widespread stop losses.
The bottom line? The battle for cryptocurrency leadership is heating up, and Ethereum is taking the lead — but the story isn't over.
Source: https://tintucbitcoin.com/ethereum-tang-vot-bitcoin-chung-thi-truong-doi-chieu/
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