Crypto Market Suffers $730 Billion Wipeout in 100 Days

The crypto market has been hit hard by a $730 billion wipeout in just 100 days, raising questions about the end of the current cycle or simply a reset. According to market analyst Paul Bennet, this correction is not just a routine pullback from October's record highs but a broad institutional retreat that has fundamentally shifted liquidity, sentiment, and capital flows across the entire digital asset market.

Bitcoin is showing clear signs of strain, with its market capitalization falling by roughly $350 billion to $1.34 trillion. While public narratives emphasize unwavering hodling by major holders, on-chain data tells a more cautious story: risk-off positioning and slowing accumulation among large wallets.

The pullback has created a dominance paradox for Bitcoin, as its share of the total crypto market has edged higher due to capitulation rather than confidence. However, traditional financial institutions that once dismissed Bitcoin are now racing to secure exposure, underscoring its enduring strategic relevance despite short-term weakness.