Crypto Market Faces Structural Crisis Amid Decline

The crypto market is experiencing a structural crisis, with valuations of $4 trillion masking a lack of actual incoming capital. This situation has been building for six years and is not just a matter of macroeconomic factors, but rather a result of flawed distribution models.

According to Sweep, the co-founder of Glyde, the industry's problems are rooted in its structural flaws. The current state of affairs is characterized by projects with locked supplies of up to 90%, allowing teams and insiders to manipulate prices and extract liquidity from retail investors.

The Altcoin Season Index currently stands at 41 points, remaining far from the peak of 78 reached in September 2025. This collapse is seen as a necessary cleanup for the crypto ecosystem, paving the way for greater transparency and maturity in the markets.