Crypto markets are showing clear signs of rotation as Ethereum outperforms Bitcoin across multiple metrics, potentially signaling the start of altseason. Fresh data reveals ETH has gained 72% against BTC since April, with the ETH/BTC ratio hitting its highest level since January.
Key Metrics Where Ethereum Leads
Weekly trading volume: $25.7B for ETH vs $24.4B for BTC (first time since June 2024)
ETF flows: ETH/BTC holding ratio doubled from 0.05 to 0.12
Exchange inflows: Lower ETH sell pressure compared to Bitcoin
First time in over a year: ETH spot volume > BTC
Last week, ETH spot trading hit $25.7B vs. BTC’s $24.4B, pushing the ETH/BTC spot volume ratio above 1 for the first time since June 2024.
On-chain data shows fewer ETH moving to exchanges (bullish for price)
Bitcoin Dominance Slips as Alts Rise
The changing tide becomes clearer when examining:
#Bitcoin dominance fell from 63.76% to 60.78% over the past week – a 2.98 percentage point drop. One of the sharpest weekly declines this year, as capital rotated into altcoins. pic.twitter.com/aPpZtZsTQ9
