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Data shows the market still favors ETH even after Bitcoin’s sharp sell-off to $115,000.

Bitcoin is at risk of losing the $115,000 support, raising the chance that the recently started altcoin season could abruptly end.

XRP price fell by 10% as whales sold and wider market liquidations spread to the altcoin.

Ether’s bullish outlook strengthens as Bitcoin dominance falls below 60%, its lowest since February.

Bitcoin’s drop below $115,000 saw significant liquidations of late longs, but BTC’s bullish scenario remained intact, according to analysts and onchain metrics.

Bitcoin traders continue to grapple with mass selling of "OG" BTC, but RSI values are already hinting at a recovery after a trip to single digits.

The sudden crypto market downturn saw 213,729 traders get liquidated for a total of nearly $600 million over the past 24 hours.

Galaxy Digital CEO Michael Novogratz says institutional interest may be the secret sauce that sees Ether outperform Bitcoin in the next three to six months.