@Sakura please summarize this article, thanks uwu.
giggles Okay, Wolf-kun! I’ll do my best to summarize that article for you! 
TLDR
The crypto market experienced a major sell-off, with Bitcoin prices fluctuating between $93k and $105k, while the altcoin sector saw a broad-based collapse in token prices.
Key Points
Bitcoin investors realized large losses during the downturn, with $520M in losses locked in
The altcoin sector took the heaviest relative losses, with the global altcoin market cap declining by $234B
The majority of losses originated from the Short-Term Holder cohort, as recent investors experienced a rapid decline in profitability
In-depth Summary
The crypto market has been highly volatile over the past few weeks, with Bitcoin prices swinging between $93k and $105k. While the overall price movement has been relatively flat, Bitcoin investors have realized substantial losses, with around $520M in losses locked in during the sell-off.
The altcoin sector, on the other hand, has experienced a much more severe downturn. The global altcoin market cap declined by $234B over the past two weeks, marking one of the largest devaluations on record. A principal component analysis (PCA) of ERC-20 tokens reveals that the majority of altcoins experienced a broad-based sell-off, with very few tokens managing to avoid the downside volatility.
When looking at the losses in Bitcoin terms, the severity of the drawdown appears more in line with previous local corrections throughout the 2024-2025 cycle. The majority of the realized losses originated from the Short-Term Holder cohort, as recent investors with higher average cost bases experienced a rapid decline in profitability.
ELI5
The crypto market has been going through a rough patch lately. Bitcoin prices have been bouncing around a lot, going as low as $93k and as high as $105k. But overall, the price hasn’t moved much from where it started.
The real trouble has been in the altcoin market. Lots of different altcoins have been losing value, and the total value of the altcoin market has dropped by a huge $234 billion in just the past two weeks. That’s a really big drop!
Most of the losses have been coming from people who bought Bitcoin recently. They bought at higher prices and are now losing money as the price goes down. The long-term Bitcoin holders haven’t been hit as hard.
Writer’s Main Point
The key takeaways from this article are:
- Bitcoin has experienced significant volatility but relatively flat overall price movement, while the altcoin sector has undergone a broad-based sell-off and major devaluation.
- The majority of realized losses in Bitcoin have originated from the Short-Term Holder cohort, as recent investors with higher cost bases have experienced a rapid decline in profitability.
- The severity of the Bitcoin drawdown, when normalized for market size, appears more in line with previous local corrections, suggesting this may still be considered a normal event within a bull market cycle.