Independent Ethereum educator, angel investor and advisor. 

Founder of /thedailygwei.

total crypto market cap tells another story though, MC near 2021 highs. there is a lot of new money sloshing around in the system.

icebreaker.xyz/0xen |
https://gallery.so/Oxen/galleries | https://opensea.io/collection/farcats

what was BTC + ETH - stables % last go around at peak?

retail is back unless i'm missing something - they're just not buying last cycles coins

Total crypto market cap (excluding stablecoins) is around $2.6 trillion

BTC + ETH market cap is $1.8 trillion which is ~70% of the total cap

We know that BTC has had a lot of inflows from ETFs (which is why it has been so strong).

Ergo, new money has mostly just gone into BTC via ETFs.