Altcoins Feel the Heat as $730 Billion Disappears from Crypto Market in 100 Days

The crypto market has seen a decline of $730 billion in the last 100 days, with smaller altcoins facing rapid losses. The market cap of Bitcoin fell by 21.62% according to on-chain analyst GugaOnChain, while the top 20 cryptocurrencies excluding Bitcoin and stablecoins dropped 15.17%. Mid and small-cap altcoins also saw a plunge of 20.06%. As selling pressure continues, large transfers to exchanges suggest possible sale or rebalancing of holdings. Meanwhile, Bitcoin’s dominance remains at 57%, indicating no significant shift of capital to altcoins. Network activity has fallen, with a decrease in unique Bitcoin addresses and new address creation. Overall, the market’s bearish sentiment deepens as sellers continue to dominate.