James Butterfill, the head of research at CoinShares, released a report on the X platform detailing the recent shifts in capital flows within the cryptocurrency market. The report found that this week saw Bitcoin suffer significant net outflows, totaling $165 million, while Ethereum witnessed net inflows of $175.5 million over the same period. Monthly data further emphasized this trend, with Bitcoin experiencing net outflows of $544 million and Ethereum achieving net inflows of $170.6 million. Investor actions were notably more pronounced in the first two days of trading following market volatility, as they sold Bitcoin in favor of investing in Ethereum. Despite seeing an inflow of $8 million for the week, it's noteworthy that monthly net outflows reached $377 million. This indicates that investor preference for Ethereum is growing, while confidence in Bitcoin is waning.