Bitcoin and Broader Crypto Market Shed $730B in 100-Day Price Contraction

Bitcoin and the broader crypto market have quietly endured one of their sharpest drawdowns in recent memory, spurred by cyclical and fundamental factors. 

Over the past 100 days, hundreds of billions of dollars have vanished from the crypto market, leaving sentiment fearful and liquidity thinner across the board. What initially looked like a routine pullback amid claims of an extended bull cycle has evolved into something deeper, with capital steadily flowing out of Bitcoin and altcoins.

Key Points

• Bitcoin and the broader crypto market have quietly endured one of their sharpest drawdowns in recent memory, spurred by cyclical and fundamental factors.
• The total crypto market has shed roughly $730 billion in its 100-day-long correction.
• The premier asset has dropped 47% from its October 2025 all-time high of $126,200 to its current market price of $66,900.
• Following the sell-off, BTC’s valuation has fallen 21.6% from $1.69 trillion to near $1.35 trillion.
• While that accounts for a considerable share of the valuation decline, the selling pressure has also spread to other market segments.

Bitcoin Leads as Crypto Sheds Billions in 100-Day Capitulation

Analysis from CryptoQuant’s verified author GugaOnChain shows the total crypto market shedding roughly $730 billion in its 100-day-long correction. Slowly but steadily, Bitcoin has declined considerably, reflecting a prolonged weak price phase where participants typically reduce exposure and move to the sidelines.

The shift has weighed heavily on Bitcoin, which typically acts as the ecosystem’s anchor. The premier asset has dropped 47% from its October 2025 all-time high of $126,200 to its current market price of $66,900.

This has seen its valuation fall by 21.6% from $1.69 trillion to nearly $1.35 trillion at the time of the report, a drop of more than $340 billion. At press time, BTC’s market cap has slid further to $1.33 trillion.

Altcoins Slip as Liquidity Thins Across the Board

While that accounts for a considerable share of the valuation decline, the selling pressure has also extended to other segments of the market. For context, the top 20 cryptocurrencies by market cap, excluding BTC and stablecoins, have fallen from $1.07 trillion on December 2 to $810.65 billion, reflecting a 15.17% drop of $259.8 billion.

Meanwhile, mid- and small-cap altcoins were hit the hardest by proportion. Their collective market cap declined from $390.3 billion on December 11 to $263.63 billion, reflecting a 20% correction of $122.75 billion.

Notably, this shows that top-tier altcoins, often considered relatively resilient during corrections, have not escaped the bloodbath. As confidence faded, these assets moved in step with Bitcoin, suggesting that crypto market enthusiasts are reducing exposure rather than rotating within the market.

Again, when capital exits the entire crypto sector at once, it often reflects broader macro uncertainty. The result is severe market corrections and lesser market activity, weighing on the prospects of a recovery.

What to Observe 

Despite the severity of the contraction, the CryptoQuant analysis urged long-term observers to look ahead. Historically, such phases have preceded periods of stabilization and price recovery.

Some recommended indicators to keep an eye on include Bitcoin’s cost basis, capital flows, and on-chain behavior, which may offer clearer signals than emotion-driven reactions. Interestingly, some indicators are already suggesting that BTC is nearing its bottom.