The cryptocurrency market has shed approximately $730 billion in value over the past 100 days, according to on-chain data. Analysts report heavy capital outflows, with Bitcoin’s market capitalization falling over 21% and altcoins declining even further. Whale inflows to Binance have hit multi-year highs, often a precursor to selling, while on-chain activity shows a significant slowdown in network usage and trader engagement.
The crypto market has lost about $730 billion in value in the past 100 days, according to on-chain analyst GugaOnChain. This points to heavy capital outflows, with smaller altcoins falling faster than large assets.
Bitcoin’s market cap fell 21.62% from $1.69 trillion to $1.34 trillion in that period. The top 20 cryptocurrencies, excluding Bitcoin and stablecoins, dropped 15.17% to $810.65 billion.
Data from Arab Chain shows whale inflows to Binance reached a 30-day average near $8.3 billion, the highest level since 2024. Large transfers to exchanges can signal preparation to sell or rebalance holdings.
Market-wide metrics show total crypto capitalization near $2.4 trillion. Momentum gauges sit in neutral territory, reinforcing views that neither bulls nor bears dominate yet.
Recent data from market intelligence provider Santiment shows that network activity has collapsed alongside prices. There are 42% fewer unique Bitcoin addresses making transactions compared to 2021 levels.
Analysts describe this phenomenon as “social demotivation,” which is emotional fatigue often preceding narrative shifts. Glassnode reported that Bitcoin has broken below key metrics and slipped into a defensive range.
