BTC's recent surge peaked at $69,500, just a little shy of the key psychological level of $70,000. However, during the same period, Ethereum's price performance has been relatively weak, seemingly entering a correction phase.
From yesterday's fund flow data, BTC ETF saw a net inflow of approximately $290 million, while ETH ETF experienced a net outflow of about $20.8 million, indicating an increasing interest in Bitcoin while Ethereum is seeing a withdrawal of funds.
From a technical perspective, a moderate pullback is necessary for a healthy market trend. Even in a bull market, periodic adjustments are needed to relieve pressure. As you mentioned, pullbacks in a bull market are like 'bending down to drink water,' gathering strength for future upward movements.
