Analysts say 2025 crypto bear market reset valuations as institutions enter altcoin ETFs

Analysts reported that in 2025, DeFi tokens dropped 67% and smart contract-linked cryptocurrencies averaged a 66% loss, marking a broad bear phase outside Bitcoin. They argue this downturn reflected a repricing toward networks with strong usage and revenue, just as institutional investors began rolling out regulated Bitcoin, Ether and Solana ETF products that could shape market dynamics into 2026.