88% underperforms the market! The bear market’s brutal scorecard reveals “5 key signals”
Author: Frank, PANews
Half a year ago, investors who were immersed in expectations for the crypto “super cycle” may not have thought that, six months later, BTC would have fallen by nearly half. From the $125,000 peak on October 6, 2025, down to $66,600 today, the decline within the range has reached 46.56%.
This round of selloff is not an adjustment, but a systemic liquidation. PANews pulled price data for 424 USDT spot trading pairs from the Coin Security division, and the results are surprising:
Only 11 assets recorded positive returns over these six months, accounting for 2.6%; for 405 assets, the maximum drawdown exceeded 50%, making up as much as 95.5%; even when the standard is relaxed to “outperform BTC,” only 50 assets managed to do so, and 88% of competing coins underperformed the broader market. In 8 tracks, 45 assets outperformed, while the remaining 380 underperformed.