Let&#8217;s talk about the main reasons why #ALT season has not happened this market cycle so far, and what things might need to happen in order for #ALT season to happen again. Into The Cryptoverse Premium SALE: https://intothecryptoverse.com Into The Cryptoverse Newsletter: https://newsletter.intothecryptoverse.com/ LIFETIME OPTION: https://intothecryptoverse.com/product/subscription-to-the-premium-list- lifetime/ Alternative Option: https://www.patreon.com/intothecryptoverse Merch: https://store.intothecryptoverse.com/ Disclaimer: The information presented within this video is NOT financial advice. Telegram: https://t.me/intocryptoverse Twitter: https://twitter.com/intocryptoverse TikTok: tiktok.com/@benjamincowencrypto Instagram: https://www.instagram.com/bjcowen/ Discord: https://discord.gg/UGwc6eR Facebook: https://www.facebook.com/groups/intothecryptoverse Reddit: https://www.reddit.com/r/intothecryptoverse/ Website: https://intothecryptoverse.com/

Why Has Alt Season Not Happened Yet?

Grayscale is shifting its focus from mere Layer 1 exposure to the protocols 
that make Sui tick. The new DeepBook and Walrus Trusts give investors direct 
access to the liquidity and data layers underpinning one of crypto’s fastest- 
growing ecosystems. According…

Grayscale targets Sui’s infrastructure layer via DEEP and WAL token trusts

E.J. Antoni has been tapped to lead the Bureau of Labor Statistics (BLS) by 
U.S. President Donald Trump and now the Heritage Foundation Chief Economist 
wants to suspend the BLS’s monthly jobs report “until it is corrected.” Antoni 
made the comments in a Fox interview just days after Trump fired former BLS 
Commissioner Erika McEntarfer, […]

Trump Nominee Wants to Halt Monthly Jobs Reports

Miles Deutscher (631,000 followers on X) believes the crypto market is 
approaching a confluence of catalysts it has never enjoyed at this scale. In a 
thread posted on X in the early hours of August 12, the analyst wrote, “The 
stage is set for crypto’s biggest bull run ever,” arguing that the industry is 
facing “a bullish set of tailwinds/rate of change” unmatched in prior cycles. 
He then laid out ten drivers—spanning spot ETF demand, retirement-account 
access, stablecoin policy, political signaling, institutional adoption and 
market structure—that, taken together, form a cohesive case for another leg 
higher. Biggest Crypto Bull Run In History Deutscher’s starting point is hard 
flows. He notes that US spot Bitcoin and Ethereum ETFs have amassed “$17B net 
over the last 60 days (&gt; $11B in July alone).” Whether measured against the 
asset class’s historical market depth or the post-launch settling period for 
the new Ether funds, those figures imply that passive, rules-based demand is 
still expanding rather than plateauing. In his framing, this is “bidding on an 
unprecedented scale,” the sort of sustained, price-insensitive intake that 
tends to reset valuation anchors and absorbs episodic selling. The thread then 
pivots to distribution. Deutscher highlights the recent move to allow 401(k) 
plans to hold crypto, calling it a “massive new pool of buyers (trillions),” 
even while acknowledging the implementation lag. He amplifies a scenario 
analysis from @thepfund (Trader T), who estimates that, under base-case 
assumptions, the policy shift could translate to “Total estimated demand for 
crypto: $131–465 billion,” with an “88% allocated to Bitcoin: $115–409 billion 
… [and] 12% allocated to Ethereum: $16–56 billion.” The same post posits that 
“IBIT could grow 3.1× to $272 billion” and “ETHA could grow 3.3× to $37 
billion,” using BlackRock’s footprint in 401(k) assets as a proxy for 
potential uptake. The precise pace will hinge on plan-by-plan approvals and 
compliance plumbing, but the directionality—retirement wrappers as a 
mainstream bridge—is clear in Deutscher’s thesis. Regulatory clarity for the 
transactional layer is his third pillar. “The genius act was approved,” he 
wrote, arguing that the measure provides more certainty around stablecoins and 
“opens up the floodgates for blockchain/stablecoin adoption.” He pairs that 
claim with a datapoint on the monetary base of the crypto economy itself: 
“Stablecoins just hit a fresh ATH (&gt; $280B cap), 22 months up straight.” In 
other words, not only is policy becoming more permissive for dollar-on-chain 
infrastructure, but the float of tokenized dollars and near-dollars—an 
essential conduit for liquidity, market-making and cross-border transfers—has 
been expanding for almost two years without interruption. For Deutscher, those 
two facts rhyme: clearer rules plus a growing dollar stack create the 
conditions for higher throughput and, ultimately, risk appetite downstream. 
Related Reading: Crypto Watchlist: Why This Week Could Be Massive For Bitcoin 
Politics, while usually orthogonal to day-to-day price action, appears in his 
list because the signaling has become unusually overt. “The Trump family is 
actively shilling ETH/crypto/tokenisation,” he wrote, framing the public 
posture as a visibility event for the asset class. He amplified a short post 
from Eric Trump—“It puts a smile on my face to see ETH shorts get smoked 
today. Stop betting against BTC and ETH — you will be run over.”—to argue that 
high-level endorsements are now part of the narrative gravity well. More 
Catalysts For Crypto Institutional adoption remains a core motif. Deutscher 
cites an SEC ownership disclosure flagged by @MacroScope17 indicating that 
Harvard Management Company reported a new position of 1,906,000 shares of 
IBIT, BlackRock’s spot Bitcoin ETF, valued at $116.6 million as of June 30. 
“This is a hugely important ownership disclosure,” MacroScope wrote, and 
Deutscher agrees on the signal value: a storied university endowment has 
chosen to use the ETF channel to gain exposure, validating the wrapper and, by 
extension, the compliance pathway for peers. Inflows data are one thing; a 
recognizable allocator of record is another. Momentum and market behavior fill 
out the tactical half of his list. He points to Ethereum reclaiming $4,000—a 
multi-year level that, in his view, “gives it real momentum to push back 
toward (and beyond) its 2021 ATH.” He also argues that both majors have shown 
resilience—“BTC &amp; ETH refuse to break down, even with heavy FUD”—which he 
reads as evidence of “seller exhaustion” meeting “sticky demand.” Related 
Reading: Crypto Set For $1.25 Trillion Tsunami As Trump Opens 401(k) 
Floodgates To underscore that take, he references @alpha_pls (Aylo), who urged 
traders to zoom out: “ETH/BTC has a lot of room to run and looks good on HTFs. 
ETH/USD looks good and it is going to break through that $4k level eventually… 
Ultimately, you can keep it simple: there are more buyers than sellers for the 
foreseeable future.” Aylo’s post also nods to potential treasury participation 
on the Ether side—“Tom Lee has told you his company will buy 5% of the ETH 
supply”—and to co-founder Joseph Lubin’s competitive posture, adding further 
narrative fuel to a majors-led phase. The rotation question—when and whether 
“altseason” reappears—features in Deutscher’s ninth and tenth points. “BTC 
dominance looks extremely weak, for the first time since 2024,” he wrote, 
framing that deterioration as a historical precursor to capital rotating down 
the risk curve. But he is specific about sequencing: liquidity, he says, is 
“more concentrated on majors/CEX, making the BTC/ETH trend cleaner,” which is 
“important for narrative alignment at this stage in cycle.” In contrast to 
late 2024, when he argues liquidity was “concentrated in the 
‘trenches’—creating a less sustainable setup,” the current structure favors a 
strong, durable majors trend first, with healthier conditions “for an alt 
rotation to happen later.” Overall, Deutscher is describing a market where 
depth and settlement rails have thickened at the top, reducing slippage and 
volatility while the bid forms, before breadth expands. In his words, “The 
stage is set,” and if the catalysts he enumerates continue to materialize in 
tandem, he believes the next “explosive price move” has already begun to load. 
At press time, the total crypto market cap stood at $3.93 trillion. Featured 
image created with DALL.E, chart from TradingView.com

Biggest Crypto Bull Run In History Is About To Ignite: Top Analyst

ETH open interest soared to a record high as Ether price rallied through 
$4,500. Is the rally sustainable?

Ether futures open interest hits all-time high as ETH price tops $4.5K — Will it last?

Ethereum price went parabolic on Tuesday, crossing the key psychological 
threshold of $4,500 for the first time since November 2021. Ethereum (ETH) has 
advanced 218% from its April low, giving it a market capitalization of over 
$533 billion. This rally…