COINOTAG News, citing Coinglass data, flags a notable Q4-to-date retracement in major digital assets as Bitcoin trims lower, registering a 23.76% decline since the fourth quarter began. The move reflects a risk-off environment that has pressed crypto liquidity and market sentiment.

Historically, the Bitcoin drawdown ranks among the steepest quarterly declines on record, with only the 2018 plunge at 42.16% exceeding current losses. Traders are monitoring near-term support levels and macro liquidity to evaluate the resilience of any subsequent relief rally.

Meanwhile, Ethereum has fallen about 31.54% since Q4 commenced, positioning it among the more severe late-year downturns in the post-2015 era, though still milder than the 2016 and 2018 episodes. Analysts caution against extrapolating a sustained downtrend.