Bitcoin dominance (a measure of bitcoin's market capitalization relative to the total cryptocurrency market cap) reached a high of 52.7% last week, the highest level in three years since April 2021. From June 22nd, BTC's market cap accounted for only 48.2%. After the launch of the ETH ETF on Tuesday, this value quickly rose to 51.9% and gradually continued to rise within a week. In sharp contrast, ETH showed weakness in price action. In addition, various counterfeit products also showed considerable weakness against BTC, further driving BTC's dominance to its highest level in three years.