{"id":5634,"date":"2025-07-24T08:54:15","date_gmt":"2025-07-24T08:54:15","guid":{"rendered":"https:\/\/bitunikey.com\/news\/altcoin-breakout-eth-outpaces-btc-in-volume-demand-and-etf-flows\/"},"modified":"2025-07-24T08:54:18","modified_gmt":"2025-07-24T08:54:18","slug":"altcoin-breakout-eth-outpaces-btc-in-volume-demand-and-etf-flows","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/altcoin-breakout-eth-outpaces-btc-in-volume-demand-and-etf-flows\/","title":{"rendered":"Altcoin breakout? ETH outpaces BTC in volume, demand, and ETF flows"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p>Altseason calls are gaining ground, and the numbers are starting to back them. New market data shows Ethereum is taking the market lead, flipping Bitcoin across several key metrics and pulling altcoins with it.<\/p>\n<div id=\"cn-block-summary-block_d37626a30529259fb36314ef63405b87\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethereum just overtook Bitcoin in spot volume for the first time in over a year.<\/li>\n<li>Bitcoin dominance dropped nearly 3% in a week as capital rotates into altcoins.<\/li>\n<li>ETH ETFs log 15 straight days of inflows as Bitcoin funds reverse course.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to a July 23 CryptoQuant data, Ethereum (ETH) has outperformed Bitcoin (BTC) by 72% since April, with the ETH\/BTC ratio rising from 0.018 to 0.031. That\u2019s the highest level since January, and a clear shift from ETH\u2019s previously undervalued state.<\/p>\n<p>ETH also just overtook Bitcoin in weekly spot trading volume. The asset saw $25.7 billion in volume last week, slightly ahead of Bitcoin\u2019s $24.4 billion. That\u2019s the first time ETH has led in spot volume since June 2024, marking a major sentiment reversal.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">First time in over a year: ETH spot volume &gt; BTC<\/p>\n<p>Last week, ETH spot trading hit $25.7B vs. BTC\u2019s $24.4B, pushing the ETH\/BTC spot volume ratio above 1 for the first time since June 2024.<\/p>\n<p>Investors are rotating to ETH and Altcoins. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/X7mBFVCg5Y\" target=\"_blank\">pic.twitter.com\/X7mBFVCg5Y<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/1948046992782901506?ref_src=twsrc%5Etfw\" target=\"_blank\">July 23, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Adding weight to the trend is the growing shift in U.S listed exchange traded funds (ETF) flows. The ETH\/BTC ETF holding ratio has jumped from 0.05 to 0.12, showing that institutions are leaning harder into Ethereum. ETH ETFs have now logged 15 straight days of inflows, while Bitcoin funds have recently flipped their positive course and are seeing consistent outflows.<\/p>\n<p>On-chain flows also reinforce the trend. The ETH\/BTC exchange inflow ratio remains low, which means fewer ETH are moving onto exchanges compared to BTC. That typically points to lower sell pressure on ETH, and creates room for continued outperformance if demand holds up.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The shift comes amid a broader slip in Bitcoin dominance. Glassnode <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/glassnode\/status\/1947624667079966981?s=46\" target=\"_blank\">data<\/a> shows that BTC\u2019s market share has dropped from 63.76% to 60.78% over the past week. This is a sharp 2.98 percentage point decline, and marks one of the steepest weekly drops this year.\u00a0<\/p>\n<p>As capital now rotates out of Bitcoin, altcoins are starting to catch a strong bid.<\/p>\n<h2 class=\"wp-block-heading\">Altseason finally here?\u00a0<\/h2>\n<p>Despite the recent cooling off in tokens like Solana (SOL) and XRP (XRP), positive signals are flashing. Total altcoin spot trading volume recently surged to $67 billion, the highest since March.\u00a0<\/p>\n<p>Social sentiment backs this up. Santiment <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/santimentfeed\/status\/1945586237596696770?s=46&amp;t=nznXkss3debX8JIhNzHmzw\" target=\"_blank\">data<\/a> shows crypto discussions across X, Telegram, and Reddit are increasingly focused on altcoins rather than Bitcoin, even after BTC\u2019s recent climb to $123,000.<\/p>\n<p>What this really means is that market attention is rotating. Ethereum and altcoins now account for the lion\u2019s share of capital and conversation, a clear break from the BTC-dominant trend of Q2.<\/p>\n<p>However, that momentum is still fragile. The <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/charts\/altcoin-season-index\/\" target=\"_blank\">Altcoin Season Index<\/a>, which peaked at 55 earlier this week, has since dropped to 34. This typically needs to hit 75 to signal a confirmed altseason, and current figures suggest the market is not there yet. Still, if trends in volume, flows, and sentiment keep building, the market could be setting up for a sustained run.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Altseason calls are gaining ground, and the numbers are starting to back them. New market data shows Ethereum is taking the market lead, flipping Bitcoin across several key metrics and&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=5634"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5634\/revisions"}],"predecessor-version":[{"id":5635,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5634\/revisions\/5635"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3652"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=5634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=5634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=5634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}