Core Insights - The crypto market experienced a significant decline, with a $200 billion loss, leading to panic selling among retail traders, while institutional investors capitalized on discounted altcoins [1] - Ethereum (ETH) is witnessing substantial institutional buying, with notable inflows into Ethereum ETFs, indicating a potential altcoin season [3][4] Group 1: Market Dynamics - The Crypto Fear and Greed Index dropped to 28, indicating widespread fear among retail traders [1] - Whales and institutional investors are actively purchasing altcoins, with Ether.fi receiving $6.6 million in inflows and Ethena seeing $4.2 million in whale accumulation [1][2] - The total crypto market cap excluding Bitcoin and Ethereum is currently at $1.1 trillion, showing signs of stabilization and potential bullish momentum [5] Group 2: Institutional Activity - Two wallets linked to BitMine received 51,255 ETH (valued at $213 million) from FalconX, highlighting ongoing institutional interest in Ethereum [3] - Ethereum ETFs recorded $674 million in net inflows this week, suggesting a shift in investor sentiment towards altcoins [3] Group 3: Future Outlook - Analysts view October as a critical month for the crypto market, with the SEC facing approval deadlines for 16 altcoin ETFs, which could act as a catalyst for a new altcoin season [4] - The tightening of Bollinger Bands in the total market cap chart suggests a potential breakout, with the price testing the middle band around $1.1 trillion [5]

South Korea’s largest exchange, Upbit, has announced the listing of Maple Finance (SYRUP) and Huma Finance (HUMA).Maple Finance (SYRUP) has added KRW, BTC, and USDT trading pairs. It is a lending protocol.Huma Finance (HUMA) has added BTC and USDT trading pairs. It is a project aiming to build modern payment infrastructure for PayFi.https://t.co/JFPob3TNks ...