Bitcoin's Iron Grip Tightens: How Traders Are Capitalizing on Ethereum's 10% Freefall

The King’s Gambit in a Shaken Crypto Kingdom As Ethereum plunged 10% in 24 hours—its sharpest drop since March—Bitcoin’s dominance index surged to 54.3%, a level unseen since April 2021. This divergence isn’t mere market noise; it’s a tectonic shift revealing institutional playbooks. Like watchmakers scrutinizing Swiss movements, seasoned traders see three interlocking gears driving this rupture: ETF Tsunami Redirecting Capital: Over $1.8 billion has exited ETH investment products year-to-date, while Bitcoin ETFs absorb $14.7 billion. Macro Hedge Dynamics: BTC’s 90-day correlation with gold hits 0.67, contrasting ETH’s -0.23 with Nasdaq. Regulatory Sword of Damocles: The SEC’s delayed ETH ETF decision looms as a final verdict nears. The Great Unbundling: Bitcoin as Digital T-Bills Market veterans recognize this pattern—it’s 2018’s “flight to quality” redux, but with nuclear-grade institutional firepower. Bitcoin now behaves like compressed digital gold, its volatility sinking to 22% (E...