Bitcoin Has Outperformed Most Crypto Sectors Over The Last 3 Months, Glassnode Says

Glassnode data shows that Bitcoin outperformed most crypto sectors over three months as altcoins suffered deeper losses.

Bitcoin has dropped from recent highs, yet it still stands stronger than most crypto sectors. 

Glassnode data shows that Bitcoin lost less value than many popular tokens during the past three months. This trend indicates that investors continue to treat Bitcoin as a safer place inside crypto.

Bitcoin holds up better than most crypto sectors

Bitcoin dropped about 26% over the past three months and its price now trades near $86,000. Yet while that decline looks steep, it still beats most other parts of the market.

Glassnode reported that average returns across nearly all crypto sectors lagged Bitcoin. Total market value fell around 27.5% during the same period, according to CoinMarketCap but Bitcoin still stayed slightly ahead.

Glassnode described this pattern as capital concentration that favors Bitcoin. Investors appear to be reducing risk while staying inside crypto and Bitcoin often becomes the default choice during such times.

Other crypto sectors see deeper losses

Ether suffered a larger drawdown. The cryptocurrency fell about 36% since mid September and price has slipped below $3,000.

AI-related tokens performed worse as that sector dropped roughly 48% during the same period. Memecoins recorded some of the sharpest losses as market value for memes fell around 56%.

Real world asset tokens declined close to 46%, based on CoinMarketCap data. DeFi tokens also struggled and CoinGecko data shows DeFi dropped about 38% over three months.

These figures indicate a clear pattern that shows higher risk areas lost more value as conditions tightened. 

Meanwhile, Bitcoin remained closer to the top of the performance list even while falling.

Bitcoin dominance shifts without a clear leader

Bitcoin dominance tells another part of the story. Earlier this year, dominance climbed toward 65%. That rise matched a strong Bitcoin rally.

However, mid-July marked a turning point. Dominance started to fall as capital rotated into altcoins, but that shift did not last.

An October deleveraging event forced liquidations across markets and capital briefly moved back toward Bitcoin. Since then, dominance has moved sideways between roughly 59% and 61%.

This range shows uncertainty as no single sector has claimed leadership. Bitcoin still preserves value better than others, yet it has not regained full dominance.

Onchain data reveals mixed holder behaviour

Glassnode onchain metrics are another source of detail. Mid sized holders with between 100 and 1000 BTC (often called sharks) increased their Bitcoin holdings. 

Over the past week, these sharks added about 54,000 BTC. Total holdings reached roughly 3.575 million BTC and this accumulation rate marks the fastest pace since 2012.

Such buying indicates confidence among wealthier participants as many view price drops as chances to add exposure.

At the same time, selling pressure came from long-term holders. Large wallets holding over 10,000 BTC reduced exposure. 

Glassnode noted that this distribution offset strong buying and heavy selling from older holders, limited upside while keeping risk in focus.

Rekated Reading: The Bitcoin hoarding will continue until the complaining stops.

What traders should watch next

Market participants continue to watch Bitcoin dominance and on-chain flows as a clear trend change in these metrics could indicate some fresh risk appetite.

If altcoins regain strength, dominance may fall again but if stress returns, Bitcoin could tighten its grip.

For now, the data support one idea. Bitcoin continues to be the relatively safe choice inside crypto during pullbacks.

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