**[Bloomberg: Retail Investors Shift Focus to Stocks, Causing $800 Billion Shrinkage in Altcoin Market]** Foresight News reports, according to Bloomberg, the altcoin market is currently $800 billion smaller than historical cycle predictions, with the shift in retail investor sentiment likely being the main reason. According to the latest estimates from 10x Research, the market for non-Bitcoin tokens has experienced a capital shortfall during this cycle, particularly as retail investors in South Korea have turned their attention to crypto-related stocks, while Bitcoin has benefited from institutional capital inflows. Markus Thielen, CEO of 10x Research, stated: "If retail investors, especially in South Korea, had not shifted their focus to crypto-related stocks, the market capitalization of altcoins would be approximately $800 billion higher." Between November 5 and November 28, 2024, the average daily trading volume on South Korean crypto exchanges was about $9.4 billion, compared to $7 billion on the Kospi. Since then, trading volumes have significantly declined. 10x Research noted that the subdued sentiment among South Korean traders is a key factor in the underperformance of altcoins, potentially signaling further declines. Recently, amid a sharp sell-off in the crypto market triggered by escalating U.S.-China trade tensions, altcoins have been hit the hardest, with approximately $131 billion of the $380 billion market capitalization concentrated in altcoins.