According to @KobeissiLetter, the crypto market shed about $1.2 trillion of market capitalization in the 42 days since October 6, a 28% decline that they describe as a 2025 bear market, source: @KobeissiLetter. Based on those figures, the drawdown equates to roughly $28.6 billion in market cap lost per day and about 0.67% average daily decline over the period, highlighting the speed of the sell-off, source: @KobeissiLetter. The reported percentages imply a pre-drop total crypto market cap near $4.3 trillion and a current level near $3.1 trillion, which traders can use as reference levels for positioning and risk management, source: @KobeissiLetter.