During the data period of this report, stablecoin holding percentage has decreased sharply from 42.7% in April 2025 and 35.42% in June 2025 to only 25.0% in August 2025, the company said in its report, adding that the drop of more than 20% largely benefited altcoins. “Investors still hold $1 in Bitcoin for every $3 of crypto holdings overall; Ether holdings rose 20% since the last report; XRP is now the third-largest non-stablecoin crypto asset.”
Bybit’s Q3 2025 report underscores investors’ growing appetite for altcoins as stablecoin reserves are redeployed into higher-growth assets. The Bybit data shows that only 4% of its Stablecoin holdings were allocated to BTC and ETH, as the rest goes to altcoins, with all different categories of tokens witnessing the rally. BTC and ETH concentration have trimmed from 58.8% of non-stablecoin tokens in May 2025 to 55.7% in August 2025, propelled mainly by higher allocation to altcoins.
