$730 Billion Crypto Market Decline Sparks Shift in Sentiment

The cryptocurrency market has witnessed a substantial decline of $730 billion over the past 100 days, signaling a significant shift in sentiment and capital flows. According to market analyst Paul Bennet, this downturn marks more than just a routine correction.

Bennet notes that Bitcoin's market capitalization has fallen by approximately $350 billion, from about $1.69 trillion to $1.34 trillion, with key metrics pointing to growing restraint rather than renewed conviction among large wallets.

The pullback has also created a dominance paradox, where Bitcoin's share of the total crypto market has edged higher due to capitulation rather than confidence. This is underscored by traditional financial institutions racing to secure exposure to Bitcoin, despite its short-term weakness.