Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Privacy Coins to Digital Treasuries: How Key Crypto Narratives Faded in October

Privacy Coins to Digital Treasuries: How Key Crypto Narratives Faded in October

BeInCryptoBeInCrypto2025/10/22 03:30
By:Nhat Hoang

In October 2025, crypto narratives evaporated almost overnight. A data blackout, massive liquidations, and algorithmic echo chambers combined to silence the market and expose investors’ growing vulnerability.

The crypto market in 2025 has shown a clear pattern: narratives rise and vanish as quickly as waves. By October, data revealed that discussions around the most promising themes had almost completely faded.

This article explains the sudden change based on available data and expert insights.

Narratives Disappeared Rapidly in October

Google Trends data highlighted a striking phenomenon in October 2025. Interest in topics such as Privacy Coins, Perps DEXs, Tokenized Gold, and Digital Asset Treasuries dropped sharply.

Just a month earlier, the community had been actively debating these themes and selecting promising projects to hold through the end of the year.

Privacy Coins to Digital Treasuries: How Key Crypto Narratives Faded in October image 0Crypto narrative search trends. Source: Google Trends.

A recent report from CoinGecko offered several explanations for this unusual silence.

First, October marked the US government shutdown, halting the release of key economic indicators like CPI, NFP, and inflation data. Due to the lack of information, the Federal Reserve could not make policy decisions, forcing markets to navigate blindly.

Between September 20 and 30, over $5 billion in crypto long positions were liquidated. Bitcoin later rebounded, reaching a new high above $126,000, but on October 10, nearly $19 billion in positions were wiped out—leaving retail investors almost completely exhausted.

A lack of capital and data made investors increasingly quiet. The report described Q4 2025 as “The Quarter That Started with Silence.”

The Crypto Culture Is Hurting Investors

In addition, Hitesh, an analyst on X, illuminated the issue from a psychological perspective.

He argued that social media algorithms deliberately steer users toward discussing only a few “hot” topics to maximize engagement time. Over the past few years, distributed attention in crypto has gradually collapsed into just a few dominant coins or narratives daily.

He added that content creators and their followers now live inside an echo chamber, hearing only what confirms their beliefs. In this attention-driven ecosystem, producers win, while consumers eventually get consumed.

“Every cycle, a new building rises on weak ground—an idea, a narrative, a coin—and people rush to decorate its floors without checking whether the base is solid. Then comes the first small correction, the earthquake, and the whole structure collapses,” hitesh.eth said.

The combination of Hitesh’s insights and CoinGecko’s data clearly explains why narratives rise and fall so quickly. After the noise fades, a massive trail of investor losses remains.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Ethereum Updates: Tom Lee Wagers on $9K ETH, Challenging $4B in Losses with a '2017 Bitcoin' Strategy

- Tom Lee predicts Ethereum (ETH) could hit $7,500–$9,000 by 2026, supported by Fundstrat's $83M ETH purchase and BitMine's 3.6M ETH accumulation (3% of supply). - Despite ETH trading below $3,000 (vs. $3,120 average cost), Lee views the dip as a buying opportunity, citing Ethereum's "Wall Street blockchain" utility and tokenization trends. - BitMine plans to stake its 3.6M ETH via MAVAN for 4–5% yields, aligning with Ethereum's DeFi growth and Grayscale's first U.S. spot Dogecoin ETF signaling crypto's in

Bitget-RWA2025/11/28 16:14
Ethereum Updates: Tom Lee Wagers on $9K ETH, Challenging $4B in Losses with a '2017 Bitcoin' Strategy

XRP News Today: ADGM's Green Light Boosts RLUSD as a Link Between the U.S. and Middle East

- Ripple's RLUSD stablecoin gains ADGM approval as UAE's first regulated fiat-referenced token, enabling institutional use in payments and collateral management. - With $1.2B market cap and 80% supply on Ethereum , RLUSD's adoption accelerates through transparent reserves and NYDFS compliance, bridging U.S.-Middle East markets. - ADGM's stringent framework attracts major institutions, positioning RLUSD as infrastructure-grade asset with 1:1 USD backing and third-party attestations. - Ripple expands regiona

Bitget-RWA2025/11/28 16:14
XRP News Today: ADGM's Green Light Boosts RLUSD as a Link Between the U.S. and Middle East

Bitcoin News Update: Exchanges Compete With Crypto Perpetuals to Regain Importance Among Institutions

- Stock exchanges like SGX and Qatar bourses face pressure to adopt crypto perpetual futures (perps) to retain institutional relevance amid $187B+ global daily trading volumes. - SGX's Nov. 24 Bitcoin/Ethereum perps launch reflects traditional finance's integration with crypto, as $57.7B+ daily Bitcoin perp volumes outpace traditional offerings. - Gulf markets show mixed adaptation: Qatar's Ooredoo QPSC secondary offering contrasts with UAE's $5B+ in 2024 secondary sales, while China's property crisis expo

Bitget-RWA2025/11/28 16:14
Bitcoin News Update: Exchanges Compete With Crypto Perpetuals to Regain Importance Among Institutions

Ethereum Updates: ZKP Initiatives Rise While Ethereum's $3K Level and Dogecoin ETF Decisions Remain Uncertain

- Ethereum hovers near $3,000 as traders weigh technical levels and the Fusaka upgrade's potential impact on scalability. - Grayscale's Dogecoin ETF (GDOG) underperformed expectations with $1.41M first-day volume, reflecting cautious investor sentiment toward meme coins. - Zero Knowledge Proof (ZKP) projects see surging presale activity as investors seek privacy-focused alternatives amid crypto market uncertainty. - Ethereum's 37% drawdown from highs and DOGE's $0.1540 resistance highlight fragile momentum

Bitget-RWA2025/11/28 16:14
Ethereum Updates: ZKP Initiatives Rise While Ethereum's $3K Level and Dogecoin ETF Decisions Remain Uncertain