SOL fell the furthest at 71.6%, from $238 to $67, but additionally bounced the toughest, recovering 38% from its backside.
A comparative evaluation printed on Might 11 by XWIN Japan tracked how Bitcoin, Ethereum, XRP, BNB, and Solana held up through the six months of market stress between October 2025 and April 2026.
In accordance with the report, that downturn was much less about panic promoting alone and extra about “inside choice,” with traders separating Bitcoin from the broader altcoin market amid macro stress and shrinking liquidity.
Bitcoin Stayed Forward Whereas Altcoins Took Deeper Losses
Going by XWIN’s information, BTC dropped 52.5% in that interval, going from a peak of round $126,000 to roughly $60,000. And whereas that was a brutal fall in absolute phrases, in comparison with the remainder of the group, the flagship crypto held up higher.
Solana obtained battered probably the most. It fell 71.6% from its highest stage of $238 to $67. On the similar time, Ethereum and XRP declined by 63%, whereas Binance Coin dropped 59%.
By way of restoration from their backside costs, SOL loved the largest bounce at 38%, with Bitcoin the second-best at 34.7%.
XWIN Japan’s evaluation divided the six-month interval into three phases, specifically a derivatives-driven unwind in late 2025, a macro worry and liquidity contraction part in early 2026, and an institutional-led restoration this spring.
What it discovered, broadly, is that BTC’s relative resilience wasn’t unintended, with the report pointing to ETF inflows, company treasury buying, and demand as a geopolitical hedge as ongoing sources of help via the worst of the promoting.
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“Even throughout market stress, capital persistently returned to Bitcoin,” the evaluation acknowledged, describing BTC as having grow to be a world macro asset slightly than only a crypto token.
ETH, against this, noticed its worth collapse regardless of community exercise holding up. The report famous that staking progress, Layer-2 utilization, and stablecoin settlement stayed sturdy all through the drawdown interval, whilst the worth fell from round $4,700 to beneath $1,800.
However, XRP’s relative efficiency was tied principally to regulatory narrative and ETF expectations round cross-border fee themes, whereas BNB stayed considerably steadier on account of exercise inside the Binance ecosystem.
The place Issues Stand
We will get a sign of how a lot progress has been made to date by taking a look at present-day costs for the property XWIN quoted in its analysis. As an example, Bitcoin is buying and selling at round $81,000, which is an 11% enhance from the earlier month.
ETH is round $2,300, up about 4% on the month, whereas XRP gained some 7.5% in the identical interval and was altering arms close to $1.45 on the time of writing.
Solana, nonetheless, has had the strongest efficiency of all of them, up greater than 12% previously month and about 12% on the week, and is at present buying and selling close to $95.
