As Retail Investors Panic, Whales & Smart Money Scoop Up These Altcoins During the Market Dip

Jakarta, Pintu News – The crypto market experienced a major correction that shrank by around $200 billion at the end of last week, rattling retail traders across multiple exchanges. Panic selling dominated the market, reflected by the Crypto Fear and Greed Index dropping to 28-a clear indication of rising fear among investors.

Crypto Whales and Institutions Use Buy the Dip Strategy

However, while small traders are exiting in droves, whales and institutional investors are taking advantage of this moment to collect altcoins at discounted prices. Based on data from blockchain analytics provider Nansen, in the last 24 hours (October 1, 2025), Ether.fi (ETHFI) recorded an inflow of $6.6 million.

Read also: Bitcoin and Ethereum Explode, These 3 Altcoins Jump up to 45% Today

Not only that, Ethena (ENA) also saw a huge accumulation from whales worth $4.2 million, and the token’s price had even risen 10% by October 1. Other major altcoins such as Maple Finance (SYRUP) and Avalanche (AVAX) have also shown increased interest from savvy investors who see opportunities in the market turmoil.

Ethereum to Lead Altcoin Season?

This trend is further reinforced by Lookonchain’s data, which notes that Ethereum is still a major target for large institutions. Two new wallets – believed to be linked to BitMine, one of Ethereum’s (ETH) largest corporate holders – recently received 51,255 ETH worth $213 million from FalconX on September 30.

This surge comes as fund inflows into Ethereum ETFs have returned to positive territory. After a week of outflows, Ethereum-based ETFs have now recorded a net inflow of $674 million in just a week.

This momentum is even more crucial as the final deadline for the approval of 16 altcoin ETFs by the SEC approaches in October. Many analysts see October as a pivotal moment for the crypto market. “A big moment for the market,” said Nate Geraci, ETF expert.

Meanwhile, crypto trader Merlijn called the potential approval of the ETF the “biggest catalyst” that could trigger the start of a new altcoin season.

Read also: Altcoin Season to Start in October 2025? Analysts Reveal Key Indicators!

Altcoin Market Sentiment Begins to Improve

According to a CoinSpeaker report, the overall crypto market capitalization, if not counting Bitcoin (BTC) and Ethereum, is now at $1.1 trillion, signaling signs of stabilization.

On the daily chart of total market cap (without BTC and ETH), the Bollinger Bands are narrowing, a technical pattern that often indicates a breakout. The price is currently testing the center line (20-day SMA) at around $1.1 trillion, which gives a neutral to bullish signal.

Moreover, if the RSI continues to rise, this could strengthen the confirmation of bullish momentum in the major altcoins. However, in the short term, traders should also be aware of the scheduled token unlocks of Solana (SOL), Sui (SUI), and ASTER, which could potentially put temporary price pressure on the market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinspeaker. Retail Panicked, Smart Money Grabbed These Coins. Accessed on October 2, 2025