📈 Bitcoin remains unstoppable
The price has surpassed $123,000, marking a new historical record. This rally has been driven by strong flows into spot ETFs, highlighting BlackRock's IBIT, which already manages over 700,000 BTC, and massive institutional demand.
💥 Ethereum also stands out:
$ETH broke the barrier of $3,100, and since April it has gained more than 100%, with a particularly strong increase of 40% just in July. Ether's spot ETFs have recorded record inflows, with $727 million in a single day and nearly $2 billion since July 4, according to Investopedia.
🔄 Is the dominance shift happening?
The dominance of $BTC
has reached highs after this rally.
However, a rotation towards ETH is observed as flows into Ethereum intensify.
📊 Key outlooks:
Massive ETF flows: BTC leads, but ETH is not far behind.
Favorable regulation: The Senate discussed a market structure proposal today that could further boost both assets.
Alt-season moment: BTC arrives first, ETH and altcoins follow in its wake.
💬 In Binance Square, it is discussed:
“ETH/BTC Oversold Like Never Before!” — technicians point to an upward reversal in ETH/BTC.
There is much anticipation around whether ETH ETFs will continue their push, especially if the SEC approves staking in them before the end of the year, according to Investopedia.
✅ Conclusion for today:
BTC continues to be the great benchmark: records and record institutional flows.
ETH is gaining ground more quickly, supported by ETFs and growing use in DeFi/Web3.
The rotation between the two is accelerating and may mark the beginning of an alt-season.
👉 Which one is leading your positions this week?
#BinanceSquare #BTCvsETH #ETHBreaks3700 #Write2Earn #BinanceAlpha