Crypto’s 2025 ‘whipsaw’ year drove capitulation as markets look toward a 2026 rebound, Pantera says

According to Pantera Capital, the year 2025 was marked by significant volatility in the cryptocurrency market, often referred to as a "whipsaw" year. This intense fluctuation led to widespread capitulation among investors, as many chose to exit their positions in response to the rapidly changing market conditions. However, despite the challenges faced in 2025, there is a sense of optimism surrounding the potential for recovery as market participants now set their sights on a rebound in 2026, signaling hope for improved performance and stability in the crypto sector in the coming year. source: https://www.coindesk.com/markets/2026/01/23/altcoins-have-been-in-a-bear-market-since-late-2024-pantera-says