The cryptocurrency market has shed roughly $730 billion in value over the past 100 days, according to on-chain analyst GugaOnChain. The pace and magnitude of this decline reflect significant capital outflows, with smaller altcoins falling faster than larger assets, while traders closely monitor for any signs of stabilization.
Bitcoin’s market capitalization dropped from $1.69 trillion on November 22, 2025, to $1.34 trillion, a 21.62 percent decline. The top 20 cryptocurrencies outside of Bitcoin and stablecoins fell 15.17 percent, from $1.07 trillion to $810.65 billion. Mid- and small-cap altcoins were even more affected, plunging 20.06 percent from $390.38 billion to $267.63 billion during the same 100-day period.
Selling pressure continues unabated. Data shared by Arab Chain shows whale inflows to Binance averaged near $8.3 billion over 30 days, the highest level seen since 2024. Large transfers to exchanges can indicate plans to sell or rebalance holdings, though they may also relate to derivatives positioning or liquidity management. The recent spike follows months of relative stability, which analysts interpret as a sign of shifting sentiment among major holders.
Price action reflects the cautious market mood. At the time of reporting, Bitcoin was trading just below $68,000 after losing more than 24 percent over the past month and roughly 30 percent over the past year, illustrating that market participants are still wary amid the ongoing downturn.
