Analysis: The cryptocurrency market has seen over 500 billion dollars in market value evaporate in the past 10 days, with only 4 larger sell-off events in history

According to Glassnode's chief analyst AntiFragile, the cryptocurrency market has seen a market capitalization evaporation of over 500 billion dollars in the past 10 days, marking one of the largest sell-offs in history.

Historically, there have only been 4 instances of consecutive 10-day market capitalization shrinkage exceeding this round, which occurred in May 2021, October and November 2025, and February 2026.