According to The Kobeissi Letter, institutions have shifted from shorting Ethereum to investing in Bitcoin. Despite record levels of retail capital in the cryptocurrency market, retail exposure to Bitcoin has decreased, with a significant drop noted in January 2025. The rise of memecoins has further accelerated this decline in Bitcoin exposure.

According to Crypto Rover, the Spot Bitcoin ETF experienced a $64.1 million outflow, whereas the Spot Ethereum ETF saw a $19 million inflow yesterday. These movements suggest a potential institutional shift towards altcoins, impacting trading strategies as investors may be positioning for an anticipated altcoin season.