Summary
- It analyzed that corporate Digital Asset Treasury strategies absorbed about $800 billion in capital from the altcoin market.
- It said that Korean investors have shifted their interest from altcoin speculation to U.S. crypto-related stocks.
- A market official said the digital asset market is shifting to institution-centered, and that the likelihood of funds returning to altcoins is low.
An analysis found that corporate Digital Asset Treasury (DAT·Digital Asset Treasury) strategies have absorbed large amounts of capital from the altcoin market.
On the 17th (local time), Cointelegraph reported that market research firm 10X Research said in a report, "digital asset treasury firms have siphoned off about $800 billion of retail investor funds from the altcoin market," and "Korean investors were at the center of altcoin speculation, but have recently shifted their interest to U.S. crypto-related stocks."
It added, "retail investors are investing in altcoin treasury firms," and "the $19 billion liquidation event that occurred on the 10th completely cut off altcoin momentum."
A market official said, "the digital asset market is shifting to an institution-centered market," and "the return of funds to altcoins is unlikely to repeat as it did in the past."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
