On July 29, 2025, the cryptocurrency market seemed to collapse all at once. A shocking 98 of the top 100 coins by market capitalization took a value hit. The combined crypto market cap went under $4 trillion again, down 5.5% to $3.97 trillion in the last day. Despite this volatility, experts like Dawson suggest that the rise of ETH treasury companies such as Bitmine and Ethermachine indicates institutional alignment, potentially heralding a new altcoin season in Q3 2025.
Trading volume soared to $172 billion per day, indicative of the passionate discourse that came along with this unprecedented period of market correction. Those movements were muted enough that all three major stock indexes remained almost unbothered by the news, highlighting continued divergence between legacy markets and the crypto world.
Recent data also pointed to positive trends in Bitcoin ETFs. On July 28th, they had an incredible $157.03 million in inflows which brought their cumulative net inflows to $54.98 billion. Ethereum ETFs, too, recorded their 17th straight day of positive flows, with a total of $9.4 billion. Ethereum drew near to the $4,000 barrier, indicating waning investor interest.
Dawson highlighted the emergence of ETH treasury firms as one of the most telling signs of institutional coordination. Taken together, this alignment is an indicator that confidence in Ethereum is growing. As a result, we might witness an incredibly bullish altcoin season start around Q3 2025f.
Tom Bruni warned investors about excessive speculation in meme stocks and altcoins, urging investors to stay on their toes. The cryptocurrency market’s volatility by nature spells risk and demands discretion.
