Ethereum News Today: Ethereum Surpasses Bitcoin in Spot Volume, 72% Outperformance Sparks Altcoin Resurgence

Ethereum has surged past Bitcoin in spot trading volume for the first time since June 2024, signaling a potential shift in crypto market dynamics as altcoins gain traction. On July 24, 2025, Ethereum’s weekly spot trading volume reached $25.7 billion, outpacing Bitcoin’s $24.4 billion. This milestone is underscored by Ethereum’s 72% outperformance against Bitcoin since April 2025, with the ETH/BTC ratio climbing to 0.031—the highest in over six months [1]. Analysts note that Ethereum’s rise in market share reflects growing institutional confidence and a broader altcoin resurgence, as highlighted by COINOTAG [1].

Institutional flows further reinforce this trend. Ethereum-focused ETFs have attracted $533 million in net inflows on July 23 alone, pushing cumulative flows to $8.32 billion, while Bitcoin ETFs have seen consistent outflows [2]. The ETH/BTC ETF holding ratio has more than doubled, rising from 0.05 to 0.12, indicating a strategic pivot by institutional investors [1]. On-chain data also suggests reduced selling pressure for Ethereum, as ETH inflows to exchanges remain lower relative to Bitcoin [1].

Bitcoin’s dominance has eroded sharply, dropping to 60.78% in a single week—a steepest decline observed this year. This decline coincides with a surge in altcoin activity, with total altcoin spot trading volume hitting $67 billion—the highest since March 2025 [1]. Social sentiment metrics from Santiment show increased discussions around altcoins on platforms like X and Reddit, even as Bitcoin’s price climbed to $123,000 [1]. Altcoins now account for 71% of Binance Futures volume, reflecting a market pivot toward diversified assets [4].

Technical indicators, however, suggest Ethereum faces short-term volatility. On July 23, the price fell to $3,610, a 2.89% decline over 24 hours, following a spike in validator queue exits to 633,000 ETH—the highest since January 2024 [2]. This exodus, combined with Ethereum’s failure to break the $3,800 resistance level, has triggered profit-taking and raised concerns about near-term bearish momentum. Yet sustained ETF inflows and regulatory developments, including the U.S. House’s passage of the Crypto Market Structure CLARITY bill, highlight ongoing institutional support [2].

The market shift is also evident in Ethereum’s ecosystem. Validator queue entries remain elevated at around 365,000 ETH, reflecting robust staking participation. Public companies have accumulated over 840,000 ETH in the past two months, further cementing Ethereum’s role in institutional portfolios [2]. BlackRock’s recent expansion of Ethereum holdings has been interpreted as a signal of crypto legitimacy, given the firm’s influence in financial markets [5].

While the Altcoin Season Index peaked at 55 earlier this week before retreating to 34, the convergence of volume, ETF inflows, and social sentiment suggests building momentum for an altcoin rally. A confirmed altseason typically requires the index to surpass 75, but the current trends indicate investors should monitor opportunities beyond Bitcoin. The evolving landscape underscores Ethereum’s growing prominence as a digital asset, with its long-term trajectory supported by institutional adoption and regulatory clarity [1].

Source:

[1] [Ethereum News Today: Ethereum Spot Volume Surpasses Bitcoin](https://www.ainvest.com/news/ethereum-news-today-ethereum-spot-volume-surpasses-bitcoin-eth-btc-ratio-rises-72-altcoin-resurgence-2507)

[2] [Ethereum Price Forecast: ETH Falters Before $3,800](https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-forecast-eth-falters-before-3-800-as-validator-queue-spikes-to-eighteen-month-high-202507232250)

[4] [Binance Futures Hits $100B as Altcoins Dominate 71% of Volume](https://www.binance.com/en/square/post/07-23-2025-altcoin-news-binance-futures-hits-100b-as-altcoins-dominate-71-of-volume-amid-rising-bitcoin-outflows-27327368080721)

[5] [BlackRock Boosts Ethereum Holdings Amid Surging Altcoin Rally](https://coinfomania.com/blackrock-ethereum-altcoin-rally-2025/)