In past bull runs, retail communities drove capital from Bitcoin and Ethereum into obscure altcoins sparking the movements where even the weakest tokens surmounted massive gains. That’s what they called the Altseason in the good old days. But now institutions have stepped in, and they aren’t allocating funds toward low‑cap hidden gems.
Take SharpLink Gaming, a Nasdaq-listed crypto treasury firm that just purchased $601 million worth of Ethereum (143,593 ETH), boosting its holdings to nearly 740,000 ETH (valued around $3.2 billion) and staking most of it for yield. The institutional capital locked into Ethereum as a strategic reserve play.
And SharpLink isn’t alone. MicroStrategy continues to double down on Bitcoin, recently buying 3,081 BTC for $357 million. Its holdings now total an astonishing 632,457 BTC, valued at roughly $46.5 billion—cementing the company as the single largest corporate Bitcoin holder, with ambitions to boost yield targets into 2025.
Even the most conservative institutions are stepping in. Harvard University’s endowment fund disclosed new exposure to Bitcoin through BlackRock’s iShares Bitcoin Trust. Regulatory filings show Harvard’s position alone at $116 million, a sign that even Ivy League treasuries are allocating to BTC in compliance-friendly vehicles.
The implications are clear: big players aren’t rotating liquidity into microcaps the way retail once did. Every ETH SharpLink stake and every BTC locked by MicroStrategy or Harvard is capital permanently removed from circulation — and it’s staying there, not flowing into random altcoin pumps.
That means the playbook of past bull runs, where profits from BTC and ETH cascaded into obscure tokens and created “altseasons,” is dead. The faucet has been turned off.
Why Altseasons Will Be Shorter, Softer Or Never
Even if there is an altseason, it won’t look like the old days. In 2017 or 2021, communities moved liquidity downstream. Some analysts don’t even believe there will be an altseason in 2025-2026 at all. At most, we get a “selective altseason” limited to a handful of ma
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Author: Crypto Daily
