Changpeng Zhao, the founder of Binance, reminds us about how to build long-term wealth in this field. CZ notes that many of the most successful investors today have accumulated assets during periods of pessimism and held them through multiple economic cycles.
This comment does not consider the current downturn as an unusual phenomenon, but rather as a familiar stage that often appears before long-term opportunities.
However, on-chain data from Glassnode shows that nearly all cryptocurrency sectors are underperforming compared to Bitcoin. This relative weakness indicates that investors are prioritizing safety and liquidity over broader risk levels.
The annual summary report on the dominance of Bitcoin further highlights this uncertainty. While in the first half of the year, Bitcoin had a clear dominance, the trend of dominance gradually decreased as Ethereum emerged, and by the end of the year, no asset had completely regained the leading position.
Meanwhile, recent efforts to restore dominance after the debt reduction events have gradually faded, as the market seeks a stable foothold.
The cryptocurrency market in general is large, but is also facing many difficulties. The total market capitalization of cryptocurrencies decreased by 3.03% to between 2.97 to 3 trillion dollars, while daily trading volume fluctuated from 80 billion to 135 billion dollars.
Furthermore, Bitcoin still dominates over 58%, followed by Ethereum.
Next, Bitcoin has decreased by 2.65% in the last 24 hours to $87.279, slightly lower than the market's 3.03% drop. This decline is primarily due to millions of USD flowing out of U.S. spot ETF funds, the liquidation of long positions near $85,000, and an increase in macro risk-averse sentiment related to expectations of delayed interest rate cuts and concerns about an artificial intelligence (AI) bubble.
Ethereum performed worse, falling 6.31% despite ETF inflows reaching $139 million two weeks ago, large fund transfers from institutions, and a technical breakdown below key support levels.
Despite short-term pressures, institutional confidence remains intact. Ark Invest has purchased more cryptocurrency stocks, Grayscale may consider Bitcoin as a hedge against dollar price volatility in its 2026 outlook, and Ethereum continues to see progress in infrastructure through upgrades and coded financial initiatives.
