Analysis: No major capital rotation from Bitcoin to Ether

CryptoQuant contributor Carmelo Alemán has outlined that major capital rotation out of Bitcoin (BTC) and into Ether (ETH) has not been responsible for the recent increase in the ETH unit price. He explained that while there are widespread claims that investors are selling BTC to buy ETH, this is not true. Bitcoin's realized market capitalization is at an all-time high of approximately $1.018 trillion. Alemán takes this as confirmation that there has been no massive capital flow from BTC to ETH. Instead, he concludes that new capital is flowing into ETH.