This Q4 Crypto Report Is Full of Alpha
PLUS: US spot Solana ETFs report 10th consecutive day of net inflows
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welcome to a â free edition â of Altcoin Investing Picks, the most actionable crypto newsletter.
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In today's newsletter:
đĄ This Q4 Crypto Report Is Full of Alpha
đŁ US spot Solana ETFs report 10th consecutive day of net inflows
đ Ethereum is now more scarce on centralized exchanges than Bitcoin
Letâs dive in!
đĄ Insight
This Q4 Crypto Report Is Full of Alpha
Every quarter, the crypto world waits for one data-rich report: Charting Crypto by Coinbase Institutional and Glassnode. Itâs the report that hedge funds and crypto-native funds read before making big moves.
We read all 50+ pages so you donât have to. Here are the 5 biggest takeaways you can act on right now â especially if youâre holding altcoins or planning your next entry.
1. Market Outlook = Cautiously Bullish
The Q4 macro backdrop still favors risk assets. The Fed is likely to cut rates again.
Thereâs $7 trillion sitting in money market funds â even a small rotation could pump crypto.
Regulation is improving (GENIUS Act passed), with more clarity expected soon.
BUT: Octoberâs leverage flush (Oct 10) spooked markets. Be nimble, not blind.
What this means for you:
Hold conviction, but take profits on spikes. Use dips to accumulate high-conviction altcoins with real fundamentals.
2. Bitcoin Is Back in Demand (But Altcoins Are Lagging)
BTC dominance dropped from 64% â 57% in Q3, but bounced hard at the end of September.
Long-term holders barely sold, even as BTC hit new highs.
Institutional demand is growing again â especially via spot ETFs.
Altcoin takeaway:
Altseason isnât dead â but itâs delayed. Institutions are still treating BTC and ETH as safe havens. Until retail steps back in full force, stick to alts with volume, momentum, or narrative tailwinds.
3. ETH Gaining Institutional Love
For the first time, ETH ETFs had more inflows than BTC ETFs: $9.4B vs. $8B.
ETH and L2 fees dropped to 2-year lows while usage hit all-time highs.
Liquid ETH supply rose 18% â suggesting some long-term holders are rotating into risk-on plays.
What to watch:
ETH-related ecosystems (L2s, staking protocols, rollups) could outperform if this trend continues.
4. Big Bets Are on Treasury-Backed Crypto
âDigital Asset Treasuriesâ (DATs) â companies holding BTC/ETH on balance sheets â now own:
3.5% of BTC supply
3.7% of ETH supply
These DATs are behaving like long-term whales. Their influence on supply is growing fast.
How to play it:
Watch for DAT accumulation on-chain. When they move, markets follow. Expect more stable floor prices for BTC/ETH as corporate treasuries increase exposure.
5. Sectors Retail and Institutions Are Betting On
According to a survey of 120+ global investors:
Most bullish sector among institutions: Smart contract platforms
Most crowded trade: ETH L2s
Top tail risk: Macroeconomic conditions (not regulation)
Quick alpha:
Survey shows split cycle views â institutions think weâre in late-stage bull, retail thinks weâre in mid-stage. That gap is where alpha lives. Smart money is taking chips off the table, but retail still has room to run.
TL;DR (Too Lazy to Read?)
Be cautiously bullish.
BTC and ETH still lead â but watch for ETH momentum.
Alts need narratives + volume to break out.
DATs = silent whales to track.
Macro is still the biggest swing factor.
đŁ Update
US spot Solana ETFs report 10th consecutive day of net inflows
Spot Solana ETFs recorded their 10th consecutive day of net inflows on Monday, totaling $6.78 million.
The two Solana funds have accumulated $342.48 million in net inflows since launch
đ Signal
Ethereum is now more scarce on centralized exchanges than Bitcoin
Only ~10% of ETHâs total supply remains on exchanges â compared to ~14% for BTC.
This is a massive structural shift showing how much ETH has moved into staking, DeFi, and long-term custody.
Less ETH on exchanges means fewer coins ready to sell and more being used onchain.
Take action đ
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