The post Altcoins collapse by $800 billion as traders move to Bitcoin appeared on BitcoinEthereumNews.com.

The altcoin market just lost $800 billion because crypto traders worldwide, especially retail investors in South Korea, moved their attention to Bitcoin and crypto-related stocks instead. For years, both altcoins and Bitcoin moved together during bull runs and crashes. But not this time. This time, Bitcoin broke away, and altcoins were left behind. The gap is being blamed on who’s buying what. Big institutions are stacking Bitcoin and piling into listed crypto companies that hoard tokens. Retail investors, the usual lifeline for altcoins, are pulling out. 10x Research said the altcoin market would be $800 billion higher if retail traders — especially those in Korea — hadn’t switched focus to crypto stocks and equity markets. “Altcoins have failed to attract sufficient new capital,” said Markus Thielen, the CEO and head of research at 10x. Korean retail turns away from altcoins to chase stocks South Korea has always been altcoin territory. On local exchanges, altcoins used to dominate more than 80% of trading activity. Meanwhile, on global platforms, Bitcoin and Ether combined usually take up half or more of total trading volume. Between November 5 and November 28, 2024, daily crypto trading in Korea averaged $9.4 billion. That was even higher than the $7 billion traded daily on the Kospi, their national stock exchange. Then everything dropped off a cliff. Thielen’s team said the drop in Korean trading is one of the biggest reasons altcoins are crashing right now. Less appetite means fewer buys, which means lower prices. That change in behavior has now become the new normal. Traders are moving out of risky tokens and into companies tied to crypto infrastructure, the ones that actually hold Bitcoin. That’s not a short-term trend, either. Thielen called it a “structural shift,” the kind that doesn’t reverse overnight. Altcoins fall harder during latest…

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Filed under: News - @ October 24, 2025 9:29 am