The last trading day of 2025 witnessed a significant wave of fund withdrawals — the total outflow of BTC and ETH exceeded $400 million. The performance of Bitcoin ETFs was particularly notable, with IBIT leading, experiencing a single-day outflow of $99 million. ARKB followed closely with an outflow of $76.5 million, and FBTC also contributed an outflow of $66 million. The outflows for BITB and HODL were relatively smaller, at $13.8 million and $6.8 million respectively. The situation for Ethereum was equally noteworthy. Grayscale's ETH product saw an outflow of $32 million, ETHA outflowed $21.5 million, ETHV outflowed $14.1 million, while FETH and EZET each experienced outflows of $2.2 million. This series of data reflects an attitude adjustment among institutional investors towards these two major mainstream assets at the end of the year, which warrants close attention from market participants.

Looking at the weekly chart of Bitcoin dominance, the current trend pattern is remarkably similar to the wave in 2019. The 21-week moving average above has become a hurdle, approaching multiple times but never quite breaking through. However, even if it really breaks through this resistance level, don't get too excited—it's a repeat of history; 2019 experienced the same scenario. The current major trend is clearly downward. What does this mean? Simply put, Ethereum's performance is gradually surpassing Bitcoin's. The market landscape of mainstream coins is quietly changing, so those who want to keep up with the market rhythm should pay close attention to this transition signal.

Ethereum is likely to receive approval and continue on its path.#ETH #BTC #$SOL #,XRP #BNB、 $BTC $GT $ETH