Brutal Crypto Selloff Wipes Out Leverage; Echoes Of 2020 Bottom?

Fire Hustle, a crypto market analyst, is now pushing back against the “crypto is dead” headlines after one of the sharpest draw-downs in the asset class’s history, arguing that last week’s crash looks more like a leveraged liquidation event than a fundamental breakdown of the space. In a detailed market breakdown, she notes that total crypto market capitalization has been cut in half since October 2025, sliding from around $4 trillion, while Bitcoin plunged from an all-time high near $126,000 to briefly touch the $50,000 range. Altcoins, she says, “suffered the most,” with some enduring months of draw-downs before

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