Cryptex Finance co-founder Joe Sticco stated that the crypto market is currently moving as a single bloc without clear separation between real winners and losers. The finding comes from their index tracking 36 crypto assets across five different sectors. Representing 92% of the digital asset market capitalization, the index now stands at 1,199.69, up nearly 20% from a baseline value of 1,000 set on February 20.
Its seven-day trailing gain added just 1.92%. Most of the rally supporting the index’s movement was concentrated within a 72-hour window between August 19 and 21. Price dispersion among its constituents remained tight: the strongest-performing asset rose 6.71%, while the weakest fell 1.49%. The price variation range across all 36 assets spanned just 8 percentage points.
Capital Allocation Ignores Price Percentages
Individual coin data over the past week showed a wider range, with Bitcoin gaining 14%, Solana 19%, and XRP 28%. However, the breakdown of institutional capital allocation did not mirror those price differences. Bitcoin dominance remained firmly anchored between 57% and 60%.
The Altcoin Season Index also stayed pinned below the 40 mark, well short of the 75 threshold that signals an altcoin season. Solana’s performance underscored this capital centralization. Despite posting a 19% gain across the week, its price remained more than 50% below its October 2025 level.
$9 Flows into Two Assets
For every $10 entering regulated investment products, $9 flowed specifically into Bitcoin and Ethereum. Weekly spot ETF flow data detailed the breakdown: Bitcoin products captured 71% of inflows, while Ethereum instruments secured a 26% share.
Bitcoin ETF products added capital across eight consecutive positive trading sessions, contributing a total of $2.8 billion in inflows. Throughout August, Bitcoin ETF inflows reached $3 billion - making it the strongest month of 2026. BlackRock’s product absorbed $1.3 billion the prior week. Ether ETF instruments logged a similar streak across eight consecutive positive sessions totaling over $1 billion.
The influx of fresh billions has yet to offset earlier outflows. During the first half of 2026, spot Bitcoin ETFs collectively shed $5.4 billion in capital. Their cumulative net balance for the year remains at negative $2.5 billion.
This flow distribution explains this month’s altcoin rally anomaly: green numbers on the price charts are not yet backed by institutional players, as their major capital remains concentrated entirely in the two oldest coins. Reported by crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
