Delphi Digital: Institutional crypto demand has fallen 90% from its August peak of $5.5 billion, with capital remaining on the sidelines.
TL;DR
Institutional crypto demand has dropped 90% from its August 2025 peak of $5.5 billion, with capital now on the sidelines. BTC remains the focus while altcoin trading has stalled, and strategies show significant weakness.
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According to Odaily Odaily, Delphi Digital recently posted on the X platform that institutional demand for encryption has dropped significantly, with traffic down 90% from its August peak.
DAT Treasury inflows surged to $5.5 billion in August 2025, but have since fallen to less than $500 million per month. October saw virtually no movement, with BTC attracting the remaining institutional attention while Altcoin trading has essentially stalled. Strategy has also shown signs of weakness, with its mNAV plummeting from around 2.5 at the beginning of 2025 to around 1.2 today. Speculative premiums have shrunk significantly, although MSTR is still trading above its BTC holdings. Institutional capital is on the sidelines, and existing positions are losing value.