The crypto market hasn’t recovered since the bear market began right after the largest liquidation event in its history on 10th October 2025. On that day, over $19 billion were simply wiped out. 

Since then, the market has swung through highs and lows, sparking concern over whether the bulls or the bears have the upper hand.

The market now sits at another of those turning points, just after Bitcoin [BTC] cleared the $65,000-resistance and several altcoins printed local highs.

Investors pull back $85 billion

Whether the market records deeper losses is tied directly to its total capitalization, which has shed roughly $85 billion since 21st July.

This decline may be evidence of bearish positioning, profit-taking, or a mix of both….