The crypto market is going through a kind of “detox” phase: excessive speculative pressure has eased, and market participants have become more cautious about risk. According to experts, traders are not in a hurry to build large positions and are instead taking a wait-and-see approach, preferring to observe how the situation develops.
Bitcoin continues to hold its position as the dominant asset, with its market share remaining close to 59%. At the same time, interest in smaller-cap cryptocurrencies has noticeably declined. Analysts explain this shift by growing uncertainty, which is pushing investors toward more reliable and liquid instruments while reducing appetite for riskier assets.
Glassnode experts also point to a slight increase in activity among Bitcoin holders. However, this appears to reflect coin redistribution and more deliberate portfolio management rather than an influx of speculative capital. Another sign of a healthier market, according to analysts, is the move away from aggressive, high-risk strategies, which lowers the likelihood of sharp price swings in major cryptocurrencies.
In analysts’ view, these changes are making the crypto market more resilient. While it has not yet returned to a phase of rapid growth and widespread enthusiasm, the absence of hype itself could help lay the groundwork for a more sustainable and long-term upward trend in the future, Glassnode believes.
Earlier, analysts at the auditing firm PricewaterhouseCoopers (PwC) stated that interest from large companies in cryptocurrencies has passed the “point of no return.” Major players have moved beyond experimentation and are now actively integrating digital assets into their business processes.