Crypto markets moved lower last week, with downside pressure accelerating across major assets while traditional equities remained stable. Bitcoin declined by over 6% on the week, while Ethereum and Solana recorded double-digit losses, underscoring continued weakness in crypto-specific risk appetite.
Market sentiment deteriorated further, with the Crypto Fear & Greed Index falling to 29 (Fear) and total crypto market capitalization declining to $2.96T. On-chain activity across major networks remains muted, pointing to limited speculative demand and low conviction participation
Key market insights last week:
Crypto underperformed equities, despite stable macro conditions
On-chain revenues across BTC, ETH, and SOL remain near cycle lows
Defensive positioning persists, reflected in rising Bitcoin dominance
Smart money highlights:
Smart money behavior reinforces this cautious backdrop. Whale activity shows broad risk reduction, with capital concentrated in only a few names while exposure across most altcoins and memecoins is being actively trimmed
Buying interest is narrow and selective, with limited size and breadth
Ownership data shows trimming across core altcoin positions
Selling pressure remains dominant, especially in higher-risk segments
The combination of weakening price action, low on-chain activity, and risk-off smart money behavior suggests the market remains in a distribution phase, not broad accumulation. With key macro events ahead, the next directional move may be driven more by liquidity and positioning than fundamentals.
👉 Read the full Weekly Crypto Market Overview and Smart Money Report