$800 Billion Altcoins Flows to Bitcoin, Says 10x Research

Altcoin Season Delayed? $800 Billion Flows to Bitcoin, Says 10x Research

Written by Aaron S.,

Editor-In-Chief

Last Updated: October 24, 2025

Key Takeaways

Around $800 billion has moved out of altcoins into Bitcoin and crypto treasuries, mostly from retail investors, according to 10x Research;
Altcoin activity has slowed as investors favor Bitcoin; South Korean traders now prefer US crypto stocks over smaller tokens;
10x Research’s model signaled this shift before a $19 billion market drop in October 2025.

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10x Research has reported a large movement of funds from alternative cryptocurrencies into Bitcoin BTC $111,026.21 and crypto treasury companies.

Their analysis shows that around $800 billion, mostly from individual investors, has been pulled from the altcoin industry and redirected elsewhere.

In a blog post published on October 24, 10x Research stated that trading activity, market enthusiasm, and investor confidence have largely left altcoins. Their data shows that this shift has been steady and continues to favor Bitcoin.

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Retail traders in South Korea, once known for their interest in altcoins, are currently turning to US-listed crypto-related stocks.

10x Research estimated the difference at about $800 billion, which could have otherwise benefited retail participants. As a result, many of these investors are now seeking faster and more reliable ways to earn profits.

The idea of an "altcoin season" has not disappeared, but the indicators 10x Research monitors tell a different story. Their technical model suggests that investor interest is still moving away from altcoins and back to Bitcoin.

This model also picked up on the trend before a market drop in October 2025, when about $19 billion in value was lost.

Meanwhile, Galaxy Digital CEO Mike Novogratz shared his views on Bitcoin’s price stability, which may be linked to corporate investors' interest in altcoins. What did he say? Read the full story.