Crypto analyst Miles Deutscher has shared recent data highlighting a challenging period for the digital asset market, revealing that only 12 out of the top 100 cryptocurrencies by market capitalization have posted positive returns in the past three months.
Leading the way in gains was BERA, which skyrocketed by nearly 580%, followed by TRUMP with an 85% increase and BGB at 72%. Other notable gainers included DEXE, IP, GT, OM, PAXG, XMR, XAUt, HYPE, and LEO.
On the flip side, many prominent cryptocurrencies faced substantial declines. Chainlink (LINK) experienced a sharp 40% drop, followed by Sui (SUI) at -39.48%, and JTO at -38.83%. Bitcoin (BTC) saw a 13% decrease, while Binance Coin (BNB) fell by 19.25%, and Cardano (ADA) suffered a 30% loss.
Deutscher pointed out the difficulty investors are facing in the current environment, which he describes as a “rotational market.”
Unlike previous bull markets where long-term holding was often rewarded, capital is now rapidly shifting between various sectors and assets, making it harder to find consistent winners.
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