According to the source, traders asking when altseason starts should track six objective signals that have historically preceded altcoin outperformance, with each tied to verifiable data sources. 1) BTC dominance (BTC.D) rollover: Altseason historically begins when BTC.D tops and enters a downtrend; use breaks below 50D/200D moving averages and lower highs to confirm. Source: Binance Research, Bitcoin dominance studies (2020–2021); TradingView BTC.D index. 2) ETH/BTC trend reversal: Sustained ETH/BTC uptrend (higher highs, closes above the 200D MA) typically leads broader alt strength. Source: Kraken Intelligence, Altcoin season research (2021); Binance Research, factor and beta studies (2021); TradingView ETHBTC. 3) Derivatives rotation: Rising share of open interest and volume in altcoin perpetuals versus BTC, alongside steadily positive alt funding while BTC funding normalizes, has preceded alt rallies. Source: Glassnode Insights, Derivatives and leverage reports (2023); Binance Futures Research, funding and basis (2022); Deribit Insights, perpetual markets notes (2022). 4) Stablecoin dry powder: Increasing aggregate stablecoin supply and rising stablecoin exchange balances, as well as a falling Stablecoin Supply Ratio (SSR), indicate deployable capital into alts. Source: Glassnode, Stablecoin Supply Ratio (SSR) metric documentation (2020); CryptoQuant, stablecoin flow metrics documentation (2021). 5) Market breadth: A majority of top-100 alts closing above their 200D MA with expanding volume signals healthier breadth needed for altseason. Source: TradingView Screener methodology; Binance Research, market breadth and cross-sectional momentum studies (2021). 6) On-chain profit rotation: Elevated realized profits in BTC with a declining short-term holder supply share, followed by increasing alt exchange inflows, suggests rotation risk. Source: Glassnode Insights, realized profit/loss and HODL wave analyses (2021–2023). Trading approach: Wait for at least three of the above triggers to align, then scale into ETH/BTC and a diversified alt/BTC basket; invalidate if BTC.D makes new highs or if ETH/BTC loses its 200D MA on closing basis. Source: Binance Research, portfolio construction and rotation frameworks (2021); Kraken Intelligence, rotation playbooks (2021).

According to the source, the total crypto market cap is around 3.66 trillion dollars after a pullback, with 4 trillion the next key level to reclaim; traders can confirm any breakout via a weekly close above 4T on the TOTAL market-cap index and expanding breadth such as a rising share of top-100 coins above their 50-day moving average (source: TradingView). Round-number levels often concentrate orders and liquidity, making false breakouts more likely without volume and breadth confirmation (source: Carol Osler, research on order clustering at round numbers, Federal Reserve Bank of New York). For leadership cues, watch BTC dominance (BTC.D) and ETH/BTC; a rising TOTAL alongside declining BTC.D and a firmer ETH/BTC has historically aligned with stronger altcoin performance (source: Coin Metrics research). Sustainability improves when stablecoin net issuance expands and derivatives positioning remains balanced, with funding rates and open interest rising without excessive leverage (source: Glassnode; Kaiko). Spot Bitcoin ETF net flows are a key macro driver for crypto liquidity; persistent net inflows have been associated with upward pressure on BTC and aggregate market cap (source: Bloomberg Intelligence).

According to the source, a social media post on 2025-10-27 claims Circle minted 7.75 billion USDC in the past month, including 750 million today; this figure requires independent confirmation for trading decisions. source: user-submitted social media post dated 2025-10-27 Traders should verify the claim on Circle’s USDC Transparency page, which publishes live circulating supply and daily mint/burn activity. source: Circle USDC Transparency Cross-check large recent USDC mint events from Circle Treasury wallets on Ethereum and other supported chains using block explorers to validate size, timestamps, and destinations. source: Etherscan USDC token tracker; Circle USDC multichain documentation If confirmed, monitor USDC exchange netflows alongside BTC and ETH order book depth and funding rates to assess liquidity conditions before positioning. source: major exchange APIs; Kaiko market data; CryptoQuant metrics

According to Onchain Lens, Tether minted another $1B USDT on the Ethereum network, bringing the total USDT minted on Ethereum since Oct 11 to $5B, source: Onchain Lens with on-chain reference via Nansen profiler.

According to @OnchainLens, Tether minted $1B USDT on the Ethereum network and has minted $4B USDT since the recent market crash, source: @OnchainLens. Meanwhile, Circle minted $2B USDC on the Solana network, underscoring a rapid stablecoin supply increase across ETH and SOL ecosystems, source: @OnchainLens. Based on these reported mints, traders can track treasury-to-exchange transfers of USDT and USDC, stablecoin balances on exchanges for ETH and SOL, and spot-to-perpetual funding and basis to assess liquidity deployment timing, source: @OnchainLens.

According to the source, total stablecoin supply has reached an all-time high of 304.5 billion dollars, a milestone closely watched by crypto traders for liquidity cues. Source: the source. Stablecoins are the dominant quote and settlement asset on centralized exchanges, so a larger circulating supply typically boosts tradable liquidity for BTC and ETH and can tighten spreads during risk-on periods. Source: CCData Exchange Review 2024. The Stablecoin Supply Ratio framework views higher stablecoin balances relative to BTC as greater market buying power, which can coincide with upward price momentum when demand strengthens. Source: Glassnode Academy. Traders should confirm the new high on independent dashboards and monitor net USDT and USDC issuance plus exchange inflows to gauge near-term bid strength. Source: DefiLlama Stablecoin Market Cap and CryptoQuant. Monitor BTC and ETH funding rates and basis for leverage build-up that could follow accelerating stablecoin inflows to exchanges. Source: Deribit Insights.

According to @lookonchain, Tether minted 1 billion USDT again, bringing post-crash stablecoin issuance by Tether and Circle to 4.5 billion dollars, which traders are watching as a liquidity signal source: @lookonchain. According to Etherscan, the Ethereum address 0xc6cde7c39eb2f0f0095f41570af89efc2c1ea828 shows the latest large USDT mint on-chain source: Etherscan etherscan.io/address/0xc6cde7c39eb2f0f0095f41570af89efc2c1ea828. According to Solscan, additional USDT mint activity is visible for the Solana account 7VHUFJHWu2CuExkJcJrzhQPJ2oygupTWkL2A2For4BmE source: Solscan solscan.io/account/7VHUFJHWu2CuExkJcJrzhQPJ2oygupTWkL2A2For4BmE. According to the same sources, traders can track whether newly minted stablecoins move to exchanges to gauge near-term market liquidity and potential risk appetite source: @lookonchain, Etherscan, Solscan.

According to @paoloardoino, he publicly posted the headline figure "180B USDT" on Oct 15, 2025, drawing attention to a 180 billion number associated with USDT. source: X post by @paoloardoino on Oct 15, 2025. Traders should verify current outstanding USDT and issuance trends on Tether’s Transparency page before making liquidity-driven positioning decisions. source: tether.io/transparency.

According to the source, traders are reassessing crypto’s role as a currency-debasement hedge and should track six data-backed signals for positioning and risk. Lower US real yields tend to support BTC and gold, while higher real yields pressure both, making the 10-year TIPS trend a primary input for timing risk-on entries, source: Federal Reserve FRED; Bank for International Settlements Working Papers. Sustained USD weakness (DXY downtrend) historically aligns with stronger BTC performance, so monitor weekly DXY momentum and breakouts, source: Federal Reserve; International Monetary Fund research. Growth in aggregate stablecoin market capitalization often precedes improved crypto liquidity and risk appetite, useful as a leading indicator for BTC trend strength, source: Federal Reserve FEDS Notes; Chainalysis research. A widening positive CME BTC futures basis alongside rising open interest signals increasing institutional demand, while deeply negative funding and shrinking basis flag stress and liquidation risk, source: CME Group; US CFTC Commitments of Traders. Elevated miner-to-exchange flows and compressed hashprice warn of near-term sell pressure, whereas declining outflows and improving hashprice tend to ease supply overhang, source: Glassnode; Cambridge Centre for Alternative Finance. A downside reversal in the Gold/BTC ratio can mark rotation back into BTC from gold, while a persistent uptrend favors gold over crypto in debasement hedges, source: London Bullion Market Association; CF Benchmarks; TradingView. BTC’s fixed supply schedule post-2024 halving reduces annual issuance to roughly 0.9%, reinforcing the long-term scarcity thesis versus fiat debasement for multi-year allocations, source: Bitcoin.org whitepaper; Bitcoin Core documentation.

According to the source, an X post on Oct 14, 2025 claims total stablecoin supply has crossed $300 billion for the first time, indicating a potential new peak in dollar liquidity parked on-chain and on exchanges. source: X post dated Oct 14, 2025. For trading, stablecoin supply is a key liquidity gauge; Glassnode’s Stablecoin Supply Ratio (SSR) framework shows that a larger stablecoin base relative to BTC market cap increases BTC purchasing power when SSR declines. source: Glassnode research on Stablecoin Supply Ratio (SSR). Traders should verify the aggregate capitalization across USDT, USDC, FDUSD, and DAI using DefiLlama’s Stablecoins dashboard and Coin Metrics data before positioning. source: DefiLlama Stablecoins dashboard; Coin Metrics network data. If confirmed, watch for rising net stablecoin inflows to exchanges and an uptick in stablecoin dominance as signals of rotation into BTC and ETH, historically associated with stronger spot demand and tighter spreads. source: CryptoQuant exchange flow metrics; Kaiko market microstructure reports. Also monitor funding, basis, and stablecoin borrow rates on Aave and Compound to gauge leverage appetite, as cheaper stablecoin funding often precedes risk-on positioning. source: Aave and Compound protocol analytics.

According to Lookonchain, Tether minted another $1B USDT roughly four hours ago, with the mint visible on-chain at the referenced Etherscan address: https://etherscan.io/address/0xc6cde7c39eb2f0f0095f41570af89efc2c1ea828 (source: https://twitter.com/lookonchain/status/1977911861661298732). Lookonchain also reports that Tether and Circle collectively minted $3B in stablecoins following the recent market crash (source: https://twitter.com/lookonchain/status/1977911861661298732). For trading context, Glassnode notes that stablecoin supply is tracked via the Stablecoin Supply Ratio as a proxy for potential buying power, which traders monitor when assessing liquidity conditions (source: https://academy.glassnode.com/indicators/stablecoin-supply-ratio-ssr).

According to the source, 250 million USDC was minted on Solana, indicating a sizable injection of dollar liquidity on the SOL network; traders should verify on-chain via Circle’s USDC Transparency dashboard and Solana blockchain explorers for confirmation and timing details. Source: public social post; Circle USDC Transparency; Solana explorer. Large stablecoin issuance has historically correlated with higher crypto trading volumes and tighter spreads across majors like BTC, ETH, and SOL, which can precede risk-on flows if the new supply is deployed to markets. Sources: Binance Research stablecoin market reports; Kaiko liquidity reviews. Actionables: track USDC netflows to centralized exchanges to confirm deployment of the minted supply, Solana DEX stablecoin depth on Orca and Raydium to gauge on-chain liquidity, and SOL perpetual funding, open interest, and basis for positioning signals. Sources: Nansen and Glassnode exchange flow dashboards; DeFiLlama for Solana DEX liquidity; Binance Futures, Bybit, and Deribit derivatives metrics. If on-chain data confirms the full 250M mint and subsequent exchange inflows, watch for potential increases in spot market depth on SOL pairs and bid-side support for SOL ecosystem tokens as liquidity providers rebalance. Sources: Kaiko order book analytics; major exchange order books.

According to the source, total stablecoin supply has reached a record $301.5B as of Oct 13, 2025 (source: public X post dated 2025-10-13). Traders historically view rising aggregate stablecoin capitalization as a proxy for expanding buy-side liquidity in crypto spot markets (source: Glassnode Research; Kaiko Research). Key watchpoints include net stablecoin inflows to exchanges, USDT and USDC premiums versus USD, and changes in BTC and ETH order book depth, which have been linked to risk-on flows in prior cycles (source: Glassnode Research; Kaiko Research).

According to @OnchainLens, Tether minted an additional $1B USDT on the Ethereum network amid the recent market downturn on Oct 11, 2025, citing Nansen on-chain data. According to @OnchainLens, the total USDT minted over the past 30 days reached $11B, with transaction details accessible via the referenced Nansen profiler. According to @OnchainLens, these mints reflect a sizable stablecoin supply expansion on Ethereum as recorded by Nansen.

According to the source, Tether's USDT circulating supply is reported at $178B, marking a new all-time high and signaling increased on-chain dollar liquidity. Source: the source. Traders should confirm the live figure on Tether's Transparency page and monitor chain distribution across Tron and Ethereum for new mints and burns. Source: Tether Transparency; TronScan; Etherscan. Historically, expansions in USDT market cap have coincided with deeper BTC and ETH order-book liquidity and tighter spreads on centralized exchanges, which can support risk-on positioning. Source: Kaiko Research 2024 Market Liquidity Reports. USDT remains the dominant quote currency by trading pairs and volume on major exchanges, so supply changes can quickly influence spot and derivatives flows. Source: CoinMarketCap market pair data 2024; Kaiko Derivatives Insights 2024. For trading, watch stablecoin exchange balances, BTC and ETH perpetual funding rates, and futures basis; rising USDT balances alongside positive funding and narrowing basis often precede upside momentum. Source: Glassnode 2023 Stablecoin Dynamics; CME Group futures data.

According to Lookonchain, BTC broke above 125,000 dollars to a new all-time high last week, signaling market strength despite softer on-chain trading activity. Source: Lookonchain on X, Oct 6, 2025. According to Lookonchain, total stablecoin market cap rose by 5.478 billion dollars, with USDT and USDC on Ethereum up 2.24 billion dollars while USDT and USDC on Plasma fell 716 million dollars. Source: Lookonchain on X, Oct 6, 2025. According to Lookonchain, DEX spot trading volume reached 120.883 billion dollars, down 13.86 percent week over week; Uniswap processed 28.738 billion dollars, down 0.53 percent WoW, and PancakeSwap handled 21.964 billion dollars, down 1.66 percent WoW. Source: Lookonchain on X, Oct 6, 2025. According to Lookonchain, DEX perpetuals volume totaled 224.218 billion dollars, an 8.29 percent decline week over week; Hyperliquid recorded 58.919 billion dollars, down 26.83 percent WoW, and Lighter saw 55.377 billion dollars, down 12.31 percent WoW. Source: Lookonchain on X, Oct 6, 2025. According to Lookonchain, Metaplanet bought 5,268 BTC worth 603.7 million dollars at an average price of 116,870 dollars last week and now holds 30,823 BTC valued at 3.53 billion dollars with an average cost of 107,912 dollars. Source: Lookonchain on X, Oct 6, 2025. According to Lookonchain, Strategy did not purchase any BTC last week. Source: Lookonchain on X, Oct 6, 2025. According to Lookonchain, Bitmine bought 179,251 ETH worth 821.75 million dollars last week and currently holds 2,830,151 ETH valued at 12.97 billion dollars. Source: Lookonchain on X, Oct 6, 2025.

According to @MilkRoadDaily, Q3 stablecoin supply increased by $45B, the biggest quarterly rise on record. The source @MilkRoadDaily reports on-chain transfers reached $15.6T and trading volumes hit $10.3T, marking the most active quarter since 2021. @MilkRoadDaily also notes retail usage set new highs, with sub-$250 transfers on pace to exceed $60B this year.

According to @paoloardoino, he posted the message 176B USDT on Oct 4, 2025 on X, providing no additional context such as supply breakdown or chain distribution (source: Paolo Ardoino on X). The post does not specify whether the 176B figure refers to total issued supply, circulating supply, or market value, and it includes no mint transaction hashes or transparency link (source: Paolo Ardoino on X). Traders seeking confirmation should check Tether’s transparency portal and recent treasury issuance on major chains like Ethereum and Tron before making liquidity-sensitive decisions in BTC, ETH, and altcoins (source: Tether Transparency; Etherscan; Tronscan).

According to @MilkRoadDaily, over $160B of stablecoin supply sits on Ethereum (ETH) versus over $10B on Solana (SOL), establishing roughly a 15x gap in on-chain stablecoin liquidity, source: @MilkRoadDaily. According to @MilkRoadDaily, Solana’s stablecoin growth rate is currently leading peers, and if that trend persists, the ETH–SOL gap may narrow over time, source: @MilkRoadDaily. Based on the figures reported by @MilkRoadDaily, traders can track the ETH–SOL stablecoin supply ratio (about 15x) and Solana’s growth trend as practical signals for relative liquidity and venue allocation, source: @MilkRoadDaily.

According to Paolo Ardoino, he posted the message "175B USDT" on X on Oct 1, 2025, without additional context. According to Tether, traders should verify whether this figure reflects circulating supply on the official Tether Transparency page, which lists real-time outstanding USDT by network. According to the Bank for International Settlements, stablecoins such as USDT are key settlement and quote assets on crypto exchanges, so changes in outstanding supply can influence on-exchange liquidity. According to CCData research, USDT is the dominant quote asset on centralized exchanges, making any supply changes relevant for BTC and ETH trading conditions.