Bitcoin Fear Index at 32: Traders Accumulate SOL, ETH and HYPE Ahead of Breakout
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As crypto sentiment dips, traders are moving capital toward assets they believe can outperform in the next rally. Alongside Solana, Ethereum, and HYPE, MAGACOIN FINANCE is quietly gaining traction as another altcoin to pay close attention to, especially as whales begin diversifying into new plays.
Bitcoin Fear Levels Return to Bear Market Zone
Bitcoin’s sentiment index has dropped sharply to 32, a reading that signals growing fear in the market. Despite Bitcoin reaching new highs earlier this year, retail interest is fading fast.
Google searches for “Bitcoin” fell to bear market levels, and the Coinbase app’s ranking in the U.S. App Store plunged from 3rd to 29th in finance.
Data from CryptoQuant shows that Bitcoin’s spot demand is falling at its steepest rate since April — a decline of 111,000 BTC in 30 days.
This suggests retail traders are staying away, while institutional players remain cautious. Analysts note that participation is low and sentiment is defensive, even with Bitcoin holding steady near cycle highs.
The Crypto Fear & Greed Index, which dropped from 71 (“greed”) to 24 (“fear”) in a week, reflects how quickly confidence evaporated after the recent $20 billion liquidation event. Historically, such fear readings have preceded new accumulation phases, as traders with higher conviction quietly reload before the next big swing.
Solana Strengthens as a Liquidity Powerhouse
Solana continues to attract attention even as Bitcoin sentiment cools. The network just added omnichain versions of Tether’s USDt and XAUT through Legacy Mesh, linking digital dollars and tokenized gold across multiple chains. This move enhances Solana’s role as a key player in onchain finance, giving users faster and cheaper access to stablecoin liquidity.
Industry data shows that Solana now holds over $694 million in tokenized assets, trailing only Ethereum. Analysts believe this development could help Solana bridge traditional finance with crypto, offering new real-world use cases.
Bitwise CIO Matt Hougan even suggested that Solana could soon become the preferred settlement layer for stablecoin transactions among major banks.
This steady growth in adoption is why many traders still view Solana (SOL) as one of the top altcoins to buy during periods of market uncertainty.
As stablecoin and gold liquidity expand, Solana’s foundation for long-term usage becomes stronger, making it a favorite among accumulation plays this week.
Ethereum Whales Buy the Dip
Ethereum saw heavy buying activity after prices fell nearly 20% from their highs. Onchain data shows BitMine purchased over 100,000 ETH, worth around $417 million, taking its total holdings to 3 million ETH—about 2.5% of Ethereum’s supply.
This large accumulation happened during the market downturn, signaling confidence among whales. Analysts like Tom Lee and Arthur Hayes still expect ETH to climb towards $10,000, supported by Ethereum’s expanding DeFi and tokenization activity.
Many traders consider Ethereum (ETH) the best crypto to buy when fear dominates. Institutional players are treating ETH as a strategic asset for diversification and yield. The network’s role in powering real-world assets, stablecoins, and Layer-2 ecosystems gives it utility beyond speculation.
HYPE Eyes a Breakout After Recovery
Hyperliquid (HYPE) is regaining its footing after a steep correction, trading around $45. Analysts see renewed interest as its fundamentals and user activity improve. Arete Capital projects over $1.8 billion in annualized revenue by 2026, alongside a $305 million allocation for ecosystem growth.
HYPE’s active users and on-chain volume continue to rise, hinting that growth in usage is outpacing price action. With its float shrinking and long-term holders increasing, analysts view HYPE as one of the top altcoins to watch in Q4.
If HYPE can hold above the $44–$48 zone, many traders expect momentum to carry it towards the $60–$65 range. For those looking beyond Bitcoin and Ethereum, HYPE’s mix of growth and token stability makes it an appealing bet during market consolidation phases.
MAGACOIN FINANCE: The Quiet Hedge Altcoin Traders Are Buying
MAGACOIN FINANCE is becoming another altcoin to watch closely as market uncertainty grows. Analysts include it among their top altcoins to buy before the next bullish phase, highlighting how it performs differently from others. Even during price drops across the market, MAGACOIN’s price keeps rising — there are no dips, only steady hourly increases.
Whales are also accumulating MAGACOIN in a similar fashion to ETH, preparing for its upcoming DEX and CEX listings. Many see it as a safe haven and diversification play, ideal for traders who want stability while waiting for the next market uptrend.
Conclusion: Traders Eye Accumulation Phase
With fear dominating sentiment, traders are quietly rotating into SOL, ETH, HYPE, and MAGACOIN FINANCE as safer bets for the next rally. History shows that the best entries often come when the market is most fearful.
Those looking to diversify can explore MAGACOIN FINANCE, which continues to gain traction among experienced traders and whales. Visit the official links below to learn more and get in early:
Telegram: https://t.me/magacoinfinance
Website: https://magacoinfinance.com
X: https://x.com/magacoinfinance
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Filed under: News - @ October 17, 2025 3:30 am