Yesterday was interesting in spot ETFs. I noticed that both ETH and SOL received quite strong inflows while BTC was trying to break the 70K level. Wednesday's numbers were notable: ETH had $157 million in net flows, with Fidelity leading the purchase. SOL also had its best day of the year with $30.86 million in inflows.

The curious thing is that both closely followed Bitcoin's movement. ETH closed at $2,057 on Wednesday and hit highs of $2,147, although it didn't clearly sustain the momentum the next day. SOL was similar, opening at $79 and closing at $88.06, but it also didn't confirm a real breakout.

Now, BTC briefly surpassed 70K, breaking a five-week streak of outflows in its ETFs. But here’s the important part: Eric Balchunas from Bloomberg pointed out something many don’t want to hear. That green move could simply be a dead cat bounce. The analyst isn't convinced that we're facing a serious reversal.

This week will be key to confirming whether there is truly a trend change or if it was just a pause. We will all be watching to see if BTC manages to sustain that 70K level. If it doesn't, then ETH and SOL probably won't confirm their impulses either.