I just noticed something interesting in the ETF flows this week. The spot ETFs for ETH and SOL saw quite strong inflows on Wednesday while Bitcoin hit $70K. ETH received $157 million in net flows ( the largest in over a month ), with Fidelity leading with $62 million. SOL wasn't far behind, capturing $31 million in daily inflows, the biggest of the year so far.

Obviously, prices reacted. ETH closed at $2,057 on Wednesday with a high of $2,147, while SOL rose from $79 to $88. Bitcoin tried to break through $70K but well, you know how that ends. Some analysts like Ash Crypto commented that ETH had clearly broken out, but the next day the move wasn't sustained.

Here's the interesting part: Eric Balchunas from Bloomberg noted that BTC flows were very pronounced that day, but he was quite skeptical. He literally said it could have just been a 'dead cat bounce.' I'm also not convinced this is the start of a real reversal. We're all looking for those solid breakout signals, but for now, both ETH and SOL remain tied to Bitcoin's movement. This week will be key to see if there's real momentum or if it was just a passing technical rebound.