As the market bleeds red and most altcoins lose crucial levels, some have 
suggested that investors must reshape their expectations of the crypto market 
this cycle and the long-awaited “alt season.” Related Reading: BitMine’s 
Unrealized Losses Hit $3.7B As Ethereum (ETH) Price Struggles Below $3,000 Old 
Crypto Cycle Is Gone – Analyst Over the past month, the crypto market has 
wiped out over $1 trillion in market capitalization due to a series of large- 
scale liquidations and strong selling pressure since the October 10 pullback, 
which has sunk investors’ sentiment to its lowest levels in months. Amid this 
performance, the early Q4 rally buzz has faded, and most altcoins have lost 
the ground gained during the Q3 market breakout. Market observers have shared 
their outlook on how the crypto market has changed and what to expect in the 
future. In October, Nic Carter, crypto investor and partner at Castle Island 
Ventures, weighed in on the shift in retail sentiment regarding most altcoins. 
As reported by NewsBTC, he affirmed that the bearish sentiment means the space 
has matured significantly. Carter explained that crypto is “boring” now 
because most of the uncertainties that drove much of the historical volatility 
have been resolved, adding that the industry has also largely derisked as a 
technological substrate. The investor considers that “crypto natives no longer 
control the narrative, there’s more serious businesses (which don’t require 
tokens), there’s less chaos, the whole space has matured significantly.” In a 
Friday thread on X, the Altcoin Sherpa also discussed the market changes, 
affirming that the “old cycles” have been “dead” for a while. As he explained, 
the previous cycles consisted of an euphoric phase, a corrective phase, and an 
accumulation phase before the start of a recovery phase. He highlighted the 
performance of Altcoins like Solana (SOL) between 2020 and 2024, noting that 
“this market environment is gone.” Instead, the analyst believes that the 
market is in a “hyper-accelerated regime.” Altcoins In A ‘Hyper-Accelerated 
Regime’ Under this new regime, the market experiences short-term uptrends 
followed by mid-term downtrends, similar to the price action of altcoins like 
BONK since late 2023, Altcoin Sherpa added: We have 1-3 months of pump 
followed by 2-6 months of downtrend and rinse repeat. There is no more 
euphoria where things go berserk for an entire year. Just 1-3 months and then 
down. Look how many cycles BONK had in a year or 2. The analyst suggested that 
investors should not expect 2021 conditions for most altcoins or a traditional 
“Alt Season,” where most tokens experience massive gains at once. He advised 
to capitalize when the “good times” arrive and be aware that “price can still 
die in 3 months.” “Reframe your brain in how you think about alt pumps and 
&#8216;alt season&#8217;. Coins will still downtrend, just not in a slow bleed. More [of] 
an accelerated destruction + carnage, Altcoin Sherpa detailed. Related 
Reading: This Altcoin Soars 20% In One Day Following Major Saudi Arabia 
Partnership He also noted that, unlike previous cycles, altcoins will also 
recover “a bit quicker than before,” and won&#8217;t take over a year to bottom and 
accumulate before a new leg up begins again. However, Sherpa affirmed that the 
lack of an accumulation phase will mean that “the overall coins will NOT have 
as strong of pumps like they used to,” as that period is what makes the 
rallies strong. “We aren&#8217;t seeing anything close to that anymore,” he 
concluded. Featured Image from Unsplash.com, Chart from TradingView.com

Analyst Says It’s Time To Rethink Altcoins And Alt Season Expectations – Here’s Why

ARK Invest ramped up its crypto exposure on Friday, adding Bullish, BitMine, 
Circle, Robinhood and nearly $600K in Bitcoin ETFs as crypto equities 
attempted a rebound.

ARK Invest wraps up week with Bitcoin ETF, Bullish, Circle, BitMine buys

A broader shift toward integrated digital payments is accelerating in Japan as 
Binance Japan activates Paypay Money and Paypay Points for seamless spot- 
market crypto transactions, enabling rapid deposits, withdrawals, and asset 
purchases through updated mobile apps. The platform supports round-the-clock 
trading from ¥1,000, offers free deposits, and applies a ¥110 withdrawal fee. 
Read More: Japan […]

Binance Japan Rolls out Paypay Money for Instant Crypto Trading

Recent commentary from the Kobeissi Letter has underscored a troubling trend 
in the capital markets: crypto-focused funds have encountered substantial 
outflows, with a notable $2 billion exiting last week alone. This marks the 
most significant withdrawal since February and extends a concerning streak, 
bringing total outflows to $3.2 billion over the last three weeks. Bitcoin And 
Ethereum Face Massive Withdrawals Leading these outflows is the market’s 
leading crypto, Bitcoin (BTC), which experienced a massive $1.4 billion in 
withdrawals, while the second largest cryptocurrency, Ethereum (ETH), followed 
closely with $689 million. As a result of these dynamics, the average daily 
outflows as a percentage of assets under management (AuM) have reached 
unprecedented levels. Related Reading: Bitcoin Bear Market Confirmed? Expert 
Predicts Price Target Of $40,000 By Late 2026 The cumulative impact of these 
outflows, coupled with declining prices, has led to a 27% reduction in total 
assets under management, now standing at $191 billion, a situation that the 
Kobeissi Letter has termed a “structural decline.” Market sentiment remains 
largely negative, particularly for Bitcoin, with expert Lark Davis examining 
current trends through the lens of key moving averages. Davis pointed out that 
as long as Bitcoin trades below the 50-week exponential moving average (EMA), 
currently placed just above the $10,000 mark, it remains in a bear market. He 
questioned whether the current downturn signifies a &#8220;big bear,&#8221; hinting at 
skepticism regarding recovery prospects, or a &#8220;mini bear,&#8221; reminiscent of 
April’s decline where Bitcoin, despite losing the 200-day EMA, did not breach 
the 50-week EMA. Davis proposed three possible scenarios for the coming weeks. 
The first posits a drastic descent into “goblin town” without recovery, which 
he considers unlikely given current oversold conditions. The second scenario 
involves a short-term rally that tests the 50-week EMA, potentially luring 
investors back before a sharp downturn. The third scenario, which Davis leans 
towards, suggests that Bitcoin could reclaim the 50-week EMA by year-end, 
fueled by easing macroeconomic conditions, including interest rates and market 
valuations. Crypto Market Turmoil Intensifies Compounding these market 
concerns is the precarious situation of Strategy, formerly known as 
MicroStrategy, headed by Bitcoin advocate Michael Saylor. Jacob King, CEO of 
SwanDesk, remarked that should Bitcoin fall a few more percentage points, 
specifically below Strategy’s average buy at just below $80,000, the firm 
would find itself in a precarious position with its Bitcoin holdings. King 
fears that forced liquidations could occur again for crypto investors, which 
could drive Bitcoin prices down toward $10,000 or lower due to increased 
selling pressure. Related Reading: Saylor’s Strategy Under Threat: Index 
Status At Risk With $8 Billion On The Line King&#8217;s commentary reflects a 
broader skepticism regarding the sustainability of the crypto market’s 
structure. He criticized the investment strategies surrounding Bitcoin as 
being propped up by &#8220;unsustainable fraud and hopium.&#8221; Highlighting past 
statements by Saylor, King recalled when Saylor encouraged extreme 
measures—such as taking out double mortgages and selling personal assets—to 
invest in Bitcoin, asserting that the current market turmoil should come as no 
surprise. At the time of writing, Bitcoin was trading at $84,700, over 30% 
below all-time high levels of $126,000 reached earlier in October. Featured 
image from DALL-E, chart from TradingView.com

Crypto Funds Face Third Consecutive Weekly Losses, Totaling $3 Billion In Outflows

Crypto markets are surging into a new era of data protection as regulators 
spotlight privacy tech poised to redefine transparency, security and real-time 
oversight across an increasingly interconnected financial ecosystem. SEC 
Hosting Privacy Roundtable as Crypto Oversight Expands Strong interest in 
safeguarding financial data continues to shape the evolving regulatory 
landscape across crypto markets. The […]

Cryptocurrency price in MMK