Conclusion first: while things look like panic on the surface, it’s actually portfolio rebalancing. BTC ETF outflows happened, but altcoin season has surged to 68—money hasn’t left the market.
$BTC On August 10, ETF net outflows were $145 million, $ETH ETF outflows were 14.59 million. But if you extend it to 7 days, BTC ETF saw cumulative net inflows of $443 million, and ETH ETF +239 million. The large outflows from the first two days look more like short-term profit-taking rather than a trend of withdrawal.
$SOL ETF is the only one that increased its position against the trend—+88.3 million yuan in a single day, and +93.7 million yuan over the past 7 days. Institutions’ conviction in SOL has never wavered.
The altcoin season index surged to 68 (out of 100); it’s only 7 points away from the threshold for altcoin season. Out of 50 samples, 34 outperformed BTC. BTC fell 19% over 90 days, but TUT jumped 689%, CYS rose 218%, and BLUAI climbed 117%—the money didn’t leave; it’s just moving from big BTC into altcoins.
24-hour liquidation across the entire network totaling 164 million. Longs account for 83%. The Fear Index is at 29 for the fifth consecutive day. Blood is flowing, but the capital hasn’t stopped.
Fear stuck at 29 is itself a signal. Historically, when fear zones can’t drop any further, what follows is either accelerated selling or a violent rebound. If the altcoin season breaks above 75, the small-cap coin market could move faster than expected.
Do you think the altcoin season can break 75? Or will funds flow back into BTC?
Check in real time: https://www.coinboss.com/etf