The Depths of Crypto Winter
From experts.bitwiseinvestments.com
I want to say something obvious because I think it will help you profitably navigate the months ahead: We are in a full-blown crypto winter. I don’t see a lot of people talking about this online or in the mainstream media, but it’s unequivocally true. Bitcoin is down 39% from its all-time high in October 2025, Ethereum is down 53%, and many other crypto assets are down worse. It’s important to call this what it is. This is not a “bull market correction” or “a dip.” It is a full-bore, 2022-like, Leonardo-DiCaprio-in-The-Revenant-style crypto winter—set into motion by factors ranging from excess leverage to widespread ...
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