Crypto Bear Grip Tightens as 75% of Top 100 Coins Trade Below Key Averages
As of December 16, 2025, 75 of the top 100 cryptocurrencies were trading below both their 50-day and 200-day simple moving averages (SMAs), reflecting a broad bearish sentiment in the crypto market. Major cryptocurrencies including bitcoin, ethereum, and solana underperformed these key moving averages, contributing significantly to the overall weakness. The 75 coins below these averages represent about 78% of the cryptocurrency market's $3 trillion valuation, underscoring widespread weakness.
Bitcoin was trading around $87,000, following a decline from a record high above $126,000 in October. Only eight of the top 100 coins were identified as oversold based on their relative strength index (RSI); these were PI, APT, ALGO, FLARE, VET, JUP, IP, and KAIA.
In comparison, the Nasdaq 100 stocks showed comparatively stronger momentum, with only 29 stocks falling below the same weakness threshold. This contrast highlights wider market breadth weakness in cryptocurrencies, which is seen as a bearish signal that may suggest further downside pressure on altcoins and continued risk-off sentiment among investors.
