Trading data reveals an interesting pattern emerging in 2025's crypto markets: liquidity is concentrating heavily around Bitcoin and Ethereum, while alternative coins have lost momentum. As the broader altcoin rally fizzled out, major OTC desks noticed a stark shift in where volume actually flows. Most traders are parking capital in these two dominant assets rather than chasing scattered opportunities elsewhere. This bifurcation hints at broader market sentiment—institutions and whales seem to be consolidating positions in blue-chip cryptos amid uncertainty. Worth watching whether this liquidity hoarding continues or if altseasons can reclaim attention.