Reasons why Bitcoin may outperform Ethereum in Q2 for first time since 2023

The article argues Bitcoin is poised to outperform Ethereum through Q2 as capital rotates into BTC. April inflows have driven the total crypto market cap up ~11 (~$250bn), with roughly 85% of that going into Bitcoin; BTC dominance has risen above 60%. On-chain signals — record stablecoin market cap (> $320bn) and ~$5bn recent stablecoin inflows — plus ~$17.7bn of Fed liquidity injections in April are cited as liquidity drivers favoring risk assets and Bitcoin specifically. Technical and relative-strength data (ETH/BTC down ~16% across Q4–Q1 and a further ~3.2% in Q2; BTC fell 22.2% in Q1 vs ETH’s 29.26%) support a BTC-led cycle and the view that BTC may continue to outperform ETH for the remainder of Q2.