According to @BullTheoryio, the total crypto market cap excluding BTC and ETH has historically expanded through sharp 30–60% resets, with 2020 seeing a -60% correction and 2021 registering -36%, -57%, and -31% mid-cycle pullbacks (source: @BullTheoryio, X, Oct 13, 2025). The author states that the latest move included the largest single-day altcoin liquidation on record, with $20B liquidated, roughly $1T in market cap erased, and 70–90% drawdowns across many alts (source: @BullTheoryio, X, Oct 13, 2025). The thread argues these violent purges typically precede the strongest rallies once leverage is flushed and liquidity resets, indicating a bull-market rhythm rather than structural weakness (source: @BullTheoryio, X, Oct 13, 2025). The author concludes this was not the end of altseason but a clean-up before the next leg in the pure altcoin cycle, emphasizing the ex-BTC/ETH market structure for traders monitoring cycle timing (source: @BullTheoryio, X, Oct 13, 2025).

According to @WatcherGuru, $170,000,000,000 was wiped from the total crypto market capitalization over the past 24 hours (source: @WatcherGuru, Sep 25, 2025). This confirms a broad market drawdown within that 24-hour window based on the reported aggregate decline (source: @WatcherGuru).

According to Michaël van de Poppe, his altcoin portfolio is down more than 50% and he posted an update video on X explaining what he would have done differently, source: https://twitter.com/CryptoMichNL/status/1962062804963217437 on Aug 31, 2025.

According to @adriannewman21, a personal NFT DAO allocation of 100 ETH made two years ago has declined to roughly 1 ETH, implying about a 99 percent drawdown; source: @adriannewman21 on X, Aug 16, 2025. The author also characterizes it as the worst investment decision they have ever made, underscoring a near-total loss outcome within an NFT-focused DAO over a two-year horizon; source: @adriannewman21 on X, Aug 16, 2025.