$BTC sitting at 64,427 USDT while ETH holds 1,919 USDT - the ratio keeps grinding higher. BTC dominance has been leaking for weeks, and Bank of America's latest rotation note suggests institutional money is finally looking past the king.
ETH/BTC cross is the cleanest tell. Every dip gets bought while BTC struggles to reclaim 65k. On-chain, ETH staking yields are compressing but net flows stay positive - that's real demand, not just leverage flush. The ETF narrative faded, but the staking yield trade didn't.
If BTC breaks 63k support clean, the rotation accelerates. Alts don't need new highs on BTC - they just need BTC to go sideways while ETH leads. That's the setup forming right now. Watch the 0.055 ETH/BTC level; a weekly close above changes the conversation entirely.
$BTC $ETH