The long-awaited altseason has taken a vacation, leaving Bitcoin to bask in the spotlight like a show-off at a party where everyone else is asleep 🎉. Market data reveals a clear rotation of capital back into Bitcoin, which is now acting like a kid with a monopoly on the last slice of pizza 🍕. While analysts predict an eventual altcoin revival, ETF flows show that institutional and retail investors are focused more on BTC than altcoins, because nothing says “I’m serious about money” like watching a single coin get all the attention 🤡.
According to the data from CoinMarketCap, Bitcoin’s dominance has soared to 59.1%, and it’s now back at $111K, rebounding from weekly lows of $104K. It’s like a phoenix, but instead of fire, it’s powered by hype and a few well-placed emojis 🦅.
Bitcoin ETFs Attract Inflows While Ethereum Bleeds 💸
On Oct. 23, spot Ethereum ETFs saw total net outflows of $128 million, with none of the nine ETH ETFs recording inflows. This marks one of the largest daily outflows since their launch, which is about as exciting as watching a toddler cry over a broken toy 🥺. Meanwhile, Bitcoin spot ETFs had a total net inflow of $20.33 million, led by BlackRock’s IBIT with $108 million in net inflows. It’s like the financial world is choosing Bitcoin as its favorite child, and Ethereum is stuck in the corner, whining like a toddler 🤬.
On October 23 (ET), Ethereum spot ETFs saw a total net outflow of $128 million, with none of the nine ETFs recording net inflows. In contrast, Bitcoin spot ETFs had a total net inflow of $20.33 million, led by BlackRock’s IBIT with $108 million in net inflows.…
– Wu Blockchain (@WuBlockchain) October 24, 2025
Meanwhile, the Altcoin Season Index reads 24, which heavily favors the world’s largest digital asset. Ethereum’s inability to break past its 2021 all-time high of $4,800 in contrast to Bitcoin printing new highs above $120K represent the weaker demand for altcoins. It’s like trying to sell a used car in a world that’s obsessed with brand-new Tesla models 🚗💨.
Futures Market Confirms Bitcoin’s Dominance 🚀
According to data from CryptoQuant, Bitcoin continues to dominate Binance’s futures market, commanding 27.17% of the exchange’s $2.002 trillion futures volume in October. It’s like the king of the hill, and everyone else is just trying to get a seat at the table 🪑.
Monthly Bitcoin futures trading reached $543.33 billion, a major increase from September’s $418 billion. The consistent $2 trillion-plus trading volume showcases increased market activity and confidence, which is about as reliable as a weather forecast in a hurricane 🌩️.
BTC futures trading | Source: CryptoQuant
CryptoQuant analysts suggest that if the rising trend in funding rates and open interest continues, Bitcoin may be poised for a breakout beyond its historical resistance levels. It’s like a sleepwalker about to trip over a curb-exciting, but probably not wise 🧠.
Altseason Delayed, but Not Dead 🌱
Crypto influencer Ash Crypto stated that bull markets typically begin with liquidity flowing into safer assets before rotating into riskier ones. He explained that the sequence often unfolds as USD, BTC, ETH, high caps, and finally low caps. This pattern has been consistent with previous cycles in 2017 and 2021. It’s like a well-rehearsed dance, but Ethereum is still stuck on the first step 🕺.
Why no Altseason in 2025 yet ?
Bitcoin has pumped 8.5x to $126,000 from the bottom of $15,400 in November 2022.
US stocks are at an all-time high.
Gold added $15 trillion to its market cap.
With massive liquidity, all these big assets are absolutely exploding. While ETH is…
– Ash Crypto (@Ashcryptoreal) October 24, 2025
Ash Crypto also pointed out that while Bitcoin has surged 8.5x from its 2022 bear market low of $15,400 to around $126,000, altcoins remain range-bound. Investors have favored safe havens such as gold, top-performing US equities, and Bitcoin itself, not altcoins. It’s like choosing a stable job over a risky startup-practical, but not very exciting 📈.
However, Ash Crypto believes that with three Federal Reserve rate cuts expected in 2025 and quantitative tightening coming to an end, liquidity will eventually return to risk assets, as investors look for the next big crypto. It’s like waiting for a storm to pass so you can go outside and get rained on again ⛈️.
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2025-10-24 13:58