BTC broke below $70K this morning. Down 3.63%. ETH gained 0.37% in the same session. LDO up 1.43%. The staking sector didn't follow BTC down. When BTC drops that sharply and ETH holds flat to positive in the same window, something is moving between the two, either rotating out of BTC dominance or buying into ETH staking yield. WBTC was down 4.09% today. My read is this is more staking demand than macro rotation. LDO outperforming on a BTC-red day has happened before, and it usually precedes a few days of the ETH/BTC ratio holding the move. BTC at $70K is the same psychological line ETH's break below $2K was yesterday. If it closes here, $65K–$66K is the next level to watch out for. I'm watching whether ETH holds above $1,980 into the US close while BTC stays below $70K.
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