Crypto Treasury Firms Syphoned $800B Retail Capital From Altcoins

Corporate crypto treasuries have attracted approximately $800 billion from retail investors, primarily at the expense of altcoins, according to data from 10x Research. With expectations of an altcoin season surfacing, many in the industry are noticing a trend of capital flowing back into Bitcoin and corporate cryptocurrency treasury firms, creating skepticism about the established market cycle. Retail investor funds are gravitating back towards Bitcoin, suggesting the altcoin market remains inactive and unresponsive. Despite various analysts calling for an altcoin season, indicators reveal that investor interest is shifting towards Bitcoin rather than smaller cryptocurrencies. The current altcoin season index reflects a prolonged Bitcoin dominance, indicating that altcoins have underperformed relative to Bitcoin this cycle. In the broader market context, some believe the recent price corrections offer buying opportunities for Bitcoin, signifying a likely continuation of its upward momentum before the year's end.

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