The cryptos ecosystem is constantly evolving, punctuated by cycles of euphoria and correction. In recent months, the craze for the same, these highly speculative assets, seemed to indicate a new wave of transient exubence. However, a rocking takes place: bitcoin and layer 1 blockchains gradually take the front of the stage, a phenomenon that could mark a decisive turn for the market. Investors seem to turn away from hazardous bets in favor of more robust and functional assets, an evolution that is not trivial. According to Santiment, the attention of traders is now focused on fundamental cryptos, to the detriment of ultra-speculative assets. This reorientation could reflect collective awareness.
Bitcoin and layer 1 blockchains take control
The recent health report provides a paradigm shift in the attention paid by the crypto community. According to the data collected on social networks and specialized forums, Bitcoin, Ethereum, Solana, Toncoin and Cardano represent 44.2 % of discussions today, while the six largest same harm only 4 % of exchanges. A dynamic that clearly contrasts with the trend observed in recent months.
This tilting illustrates a return to fundamentals. “The increase in interest in bitcoin and layer 1 blockchains reflects a more mature and informed approach to investors”, underlines Santly in a publication on February 10, 2025 on the X platform (formerly Twitter). These networks play a structuring role in the ecosystem, because they support intelligent contracts, decentralized applications and the evolution of digital finance. Conversely, the same prosper mainly on a speculative craze disconnected from technological innovation. This change of orientation could therefore translate a desire to build on more solid bases.
This renewed interest in blockchain infrastructure is involved while the same experiences a clear decline in terms of a volume of discussion. Santiment analysis shows that the frenzy surrounding assets like Dogecoin, Shiba Inu and Pepe gradually fades. Indeed, increased volatility and a lack of concrete use cases push many investors to reassess their strategy. This phenomenon recalls the previous market cycles where the intense speculation phases have often been followed by a return to more fundamental assets.
Capital movements that confirm the trend
Beyond social signals, capital flows corroborate this change in dynamics. Between February 8 and 9, A total of 224,410 ETH has been removed from exchange platforms, which is the largest movement of this type in two years. A massive withdrawal which testifies to a strengthening of the confidence of investors, because the latter opt for long -term conservation rather than immediate sale.
At the same time, another major event has occurred: 14,000 BTC dormants for seven to ten years were moved on February 10. These kinds of transactions always draw attention, as they can point out either a return of former holders on the market, or a desire to reposition assets. However, these bitcoins have not been sent to exchange platforms, which for the moment excludes a desire for rapid liquidation. “This kind of movements does not necessarily mean a drop in the price of bitcoin,” says Crypto Dan, a contributor to cryptocurrency. Historically, similar cases have not always led to a correction, which suggests a strategic management of assets rather than a sign of panic.
Far from being trivial, these fundraising demonstrates a strengthening of investors' positioning on fundamental assets. This dynamic fits into a perspective of maturity of the market, where money goes towards safer values, to the detriment of ephemeral trends.
The return in force of layer 1 and bitcoin blockchains does not mean the end of the same, but it testifies to a rebalancing of priorities. Historically, the phases dominated by these ultra-speculative assets have often preceded marked corrections on the market. This transition to more robust assets could therefore be a sign of progressive sanitation, where blind speculation gives way to more strategic investments. Thus, this change of course also comes at a key moment for industry. Between expectations related to regulations, technological developments and the rise of scalability solutions, the crypto market is at a significant turn. The question remains open: are we witnessing a new more rational investment era, or is it a simple temporary effect before a new speculation cycle?
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