"Virtual asset market overall underperformed Bitcoin over the past 3 months"

Over the past 3 months the overall virtual asset (cryptocurrency) market has undergone a correction, and Bitcoin (BTC) has shown relatively better performance compared with most sectors.

According to crypto outlet Cointelegraph on the 16th (Korean time), Glassnode analyzed in a report that "the average returns of almost all virtual asset sectors have underperformed Bitcoin over the past 3 months." Glassnode explained that "this sustained relative weakness illustrates a market environment where capital is concentrating on Bitcoin."

Bitcoin has fallen about 26% over the past 3 months and is currently trading around $86,000. This is better than the overall virtual asset market capitalization decline of 27.5% over the same period.

By contrast, Ethereum (ETH) fell about 36% over three months to below $3,000. AI-related tokens decreased by 48%, meme coin market caps fell 56%, and the real-world asset tokenization (RWA) sector declined 46%. Decentralized finance (DeFi) tokens also fell 38% in the same period.

Some analyses suggest this indicates that Bitcoin is still perceived as a relatively safe asset within the virtual asset market. Nick Luck, LVRG research director, said, "The data from the past 3 months shows that inflows of capital have continued to favor Bitcoin." He added, "This reflects investors' preference for Bitcoin's stability," and "Bitcoin's established position and growing institutional demand keep it advantaged over alternative assets in a volatile environment."