According to @milesdeutscher, crypto sentiment is the weakest since the 2022 FTX collapse and is driven by multiple headwinds rather than a single catalyst. According to @milesdeutscher, near-term bear drivers include BTC whale selling with notable Asian sell pressure and Bitcoin ETF flows turning negative. According to @milesdeutscher, additional drags are a fatigued DAT narrative with unwinds at smaller to mid-sized DATs, persistent altcoin underperformance due to dilution, extraction events, inflated valuations, weak product-market fit and time decay, psychological damage from the Oct 10 liquidation revealing thin liquidity, and crypto lagging equities which has redirected new retail flow to stocks. According to @milesdeutscher, the bull side features BTC remaining structurally intact on high time frames, with prior 50-DMA and 200-DMA retests acting as buy signals and no euphoria signals evident yet. According to @milesdeutscher, macro supports include QT ending with scope for QE, declining rates, a still-running business cycle with no clear equity top and the tendency for BTC to re-correlate to equities, plus pro-market signals from Trump. According to @milesdeutscher, a decisive BTC rally can rapidly flip sentiment. According to @milesdeutscher, traders should only buy if ready to sit underwater, define invalidation at clear HTF retest levels, wait for confirmed HTF reclaims on broken alts, and watch for a BTC and order-book microstructure shift as a risk-on trigger. According to @milesdeutscher, a portfolio can allocate up to 10 percent to low caps during risk-off while staying research-heavy to capture asymmetric upside when the market reverses, with the priority being survival and engagement until the next major rally and new 10x altcoins emerge.

According to @MilkRoadDaily, year-to-date 2025 returns are BTC +83%, ETH +35.71%, XRP +43.58%, BNB +66.02%, SOL +22.41%, DOGE -18.56%, TRX +34.62%, ADA +1.75%, Hyperliquid +106.41%, LINK +12.63%, SUI -12.36%, XLM +20.49%, AVAX -15.53%, LTC +16.76%, and DOT -35.92%, source: Milk Road (@MilkRoadDaily) on X, Oct 5, 2025, https://twitter.com/MilkRoadDaily/status/1974867184053879160. Based on these figures versus BTC, approximate pair moves show ETH/BTC -26%, SOL/BTC -33%, XRP/BTC -22%, BNB/BTC -9%, DOGE/BTC -56%, LINK/BTC -39%, ADA/BTC -44%, AVAX/BTC -54%, DOT/BTC -65%, while Hyperliquid/BTC is +13%, calculated from data reported by Milk Road (@MilkRoadDaily), X, Oct 5, 2025, https://twitter.com/MilkRoadDaily/status/1974867184053879160. This relative-strength profile indicates broad altcoin underperformance and rising BTC leadership year-to-date, derived from the same Milk Road (@MilkRoadDaily) data on X, Oct 5, 2025, https://twitter.com/MilkRoadDaily/status/1974867184053879160. For trading, the year-to-date differentials confirm downtrends in key pairs such as ETH/BTC, SOL/BTC, and LINK/BTC, with only Hyperliquid/BTC showing outperformance, calculated from Milk Road (@MilkRoadDaily) data on X, Oct 5, 2025, https://twitter.com/MilkRoadDaily/status/1974867184053879160.

According to @MilkRoadDaily, AVAX has rallied in recent weeks but is still underperforming BTC on a relative basis, indicating weak AVAX/BTC relative strength for traders to monitor, source: X on Sep 29, 2025. According to @MilkRoadDaily, this reinforces keeping BTC as a core long-term allocation given its consistent outperformance versus altcoins, source: X on Sep 29, 2025.

According to @Andre_Dragosch, BTC is starting to take market share from ETH and TRX, indicating a shift in relative performance that favors Bitcoin over major altcoins (source: André Dragosch on X, Aug 28, 2025). For trading, this points to monitoring BTC/ETH and BTC/TRX pairs for continued BTC outperformance and potential rotation trades, alongside tracking Bitcoin dominance for confirmation signals (source: André Dragosch on X, Aug 28, 2025). He shared this assessment publicly on Aug 28, 2025, highlighting a timely rotation theme that traders can use to adjust relative exposure (source: André Dragosch on X, Aug 28, 2025).

According to @adriannewman21, crypto majors are outperforming the broader altcoin market in the current cycle (source: @adriannewman21 on X, August 11, 2025). He notes that many altcoins are still sinking, unlike prior bull runs when broad alt exposure often produced gains (source: @adriannewman21 on X, August 11, 2025). He adds that randomly spreading capital across altcoins is not working now, urging investors to be selective and conviction-driven instead (source: @adriannewman21 on X, August 11, 2025). For traders, this points to a majors-over-alts tilt and a focus on relative-strength names rather than blanket alt exposure (source: @adriannewman21 on X, August 11, 2025).

According to Milk Road (@MilkRoadDaily), while headlines highlight a booming crypto market, the reality is more nuanced. Excluding Bitcoin, most altcoins have significantly underperformed compared to major stock indices such as the S&P 500 in 2025. Citing recent market performance data, Milk Road notes that Bitcoin dominance has increased, drawing capital away from other tokens. Smart investors are reallocating portfolios, focusing on Bitcoin and select blue-chip stocks instead of high-risk altcoins, to optimize returns and reduce volatility (Source: Milk Road, May 15, 2025). This trend suggests that traders should closely monitor Bitcoin dominance and consider stock market correlations when making crypto trading decisions.