Recent data suggests a dramatic downturn in institutional crypto investment activity. Delphi Digital’s latest report on X reveals a significant decline, with monthly funding flows plummeting by 90% from the peak observed in August. This decrease is further reflected by DAT Treasury Company, which saw an influx of $5.5 billion in August but has now dwindled to less than $500 million per month. Even Bitcoin’s appeal, once a focal point for institutional interest, is facing stagnation as altcoin trading remains largely stagnant. Strategy, another investment strategy, is also showing signs of weakness, with its mNAV declining from approximately 2.5 at the beginning of 2025 to around 1.2 today. Speculative premiums have reduced considerably, although MSTR continues to trade above the value of its Bitcoin holdings. This decline in institutional capital has led to a cautious wait-and-see approach with existing positions showing diminished value.