Skip to content
Crypto’s 2025 ‘whipsaw’ year drove capitulation as markets look toward a 2026 rebound, Pantera says

Crypto’s 2025 ‘whipsaw’ year drove capitulation as markets look toward a 2026 rebound, Pantera says

Bearish
CoinDesk logoCoinDeskJanuary 23, 20261 min read
Share:

In its ‘Navigating Crypto in 2026’ outlook, the fund says non-bitcoin tokens have been sliding since late 2024, weighed down by weak value capture, slowing on-chain activity, and fading retail flows.