Only 9 volatile tokens are closer to ATH than Bitcoin as market damage is concentrated elsewhere
Bitcoin is still 43.26% below its all-time high. On the surface, this number appears to be a reminder of an unfinished recovery. Relatively speaking, Bitcoin is in a stronger position than most of the market.
alive crypto slate The market snapshot shows BTC at $71,606 and ATH at $126,198.
Excluding stablecoins and gold-backed tokens, only nine assets in the table are closer to their peak than Bitcoin: UNUS SED LEO, Sky, Kite, Canton Network, TRON, Hyperliquid, MemeCore, Siren, and Stable. This is a narrow list of exceptions in a market still defined by deep damage from peak to current.
Market capitalization $1.42 trillion
24 hour volume $38.08 billion
Best ever $126,198.07
These nine assets do not belong to one class. Some information is large and fluid enough to support serious debate about relative strength. Some are newer, thinner, or structurally unusual. This split makes the leaderboard clear. Bitcoin is still well below its peak, but its drawdown baseline remains above almost the entire volatile market.
That baseline is currently 43.26%. Tokens with lower drawdowns will maintain more cycle advances than BTC. Only nine names in the snapshot meet that threshold. Everyone else has already fallen further from their peak than Bitcoin.
The list starts with LEO, which is just 5.53% below ATH. Then a gap will open. Sky is 24.33% below peak. Kite is down 24.56%. Canton Network is down 28.06%. TRON is down 29.77%. Hyper Liquid fell 31.10%. Meme core is less than 37.08%. Siren is below 39.18%. Less than 39.70% is stable. Bitcoin follows with 43.26%.
This order shows where resilience is concentrated and where it begins to fade. LEO is in a category of its own. Sky and Kite occupy separate zones in the mid-20s. Canton, TRON, and Hyperliquid form the next rank with scores in the high 20s to low 30s.
MemeCore, Siren, and Stable have a slight advantage over BTC. Bitcoin will be the dividing line between the short list of exceptions and the rest of the market.
Bitcoin is still experiencing significant drawdowns. There’s more in the wider market
Stablecoins and gold-backed exclusions are easy. Stablecoins are designed around price stability. Gold-backed tokens represent the performance of gold. Neither group provides a clear reading on cryptocurrency native risk retention from the cycle peak.
Leaderboards become more useful and interesting when these categories are removed.
Within that clean set, the comparison quickly shifts to equal quality. LEO, TRON, and Hyperliquid are the most reliable large-scale exceptions for snapshots. LEO’s market capitalization is $8.71 billion, 5.53% below its all-time high. TRON’s market capitalization is $29.33 billion, 29.77% below its peak price. Hyper Liquid’s market cap is $10.5 billion, which is 31.10% below its peak price.
These are assets that support a more durable comparison with Bitcoin in terms of size, liquidity, and market relevance.
The remaining nine still count, but each requires context. Canton Network’s market capitalization is $5.33 billion. Sky’s stock price is $1.77 billion. Memecore’s stock price is $2.39 billion. The Siren’s price tag is $1.7 billion. Kite and Stable each have a market capitalization of less than $600 million.
| # | name | ticker | price | 24 hours% | 7D% | 30D% | 90D% | Market capitalization | 24H Vol | ATH | %ATH |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 13 | just one more time | leo | $9.4 | -0.2% | +4.2% | +16.6% | +15.7% | $8.7 billion | 349.8 thousand dollars | $10 | -5.6% |
| 42 | sky | sky | $0.08 | +7.8% | +4.4% | +20.7% | +16% | $1.7 billion | $27 million | $0.1 | -24.3% |
| 88 | kite | kite | $0.2 | +3.5% | +29.1% | +0.3% | +177.9% | $436.2 million | $130.1 million | $0.3 | -24.5% |
| 19 | canton network | CC | $0.1 | -3.1% | -6% | -13.2% | +37% | $5.3 billion | $12.6 million | $0.1 | -28% |
| 8 | tron | TRX | $0.3 | -0.4% | +2.7% | +8.7% | +11% | $29.3 billion | $489.7 million | $0.4 | -29.7% |
| 10 | superfluidity | hype | $40.9 | +5.6% | +0.3% | +49.5% | +66% | $10.5 billion | $367 million | $59.3 | -31.1% |
| 34 | meme core | M | $1.8 | +7% | -1% | +30.9% | +35.9% | $2.3 billion | $13.8 million | $2.9 | -37% |
| 43 | siren | siren | $2.3 | +128% | +165% | +729% | +3,245% | $1.7 billion | $90.9 million | $3.8 | -39.1% |
| 76 | stable | stable | $0.03 | +8.6% | +1.8% | -4.1% | +161.8% | $583.2 million | $29.9 million | $0.05 | -39.7% |
| 1 | Bitcoin | BTC | $71,606 | +1.3% | -1.2% | +8.2% | -18% | $1.4 trillion | $41.6 billion | $126,198 | -43.2% |
A clear hierarchy emerges from that division.
Even after a severe correction, Bitcoin has held up better than almost the entire market, but the list of exceptions is very small, and the list of higher quality exceptions is even shorter.
The percentage point spread over Bitcoin makes the hierarchy easy to understand. LEO outperforms BTC by 37 percentage points on drawdown measurements. Sky leads by 18 points. Kite 18, Canton 15, Tron 13.5. Hyperliquid by 12. MemeCore by 6. Siren by 4. Stable by 3.5.
These spreads create three different zones.
First, there are groups that are clearly outperforming. LEO belongs there on its own terms, but Sky, Kite, Canton, TRON, and Hyperliquid hold significant cushions above Bitcoin’s 43% baseline.
Second, there are marginal advantage groups. MemeCore, siren, and Stable still outperform BTC, but by a small margin. A relatively small movement erases that edge.
Third, drawdowns in the rest of the market have already extended beyond Bitcoin’s baseline.
This setting creates a live threshold to monitor. The next steps will focus on whether the current nine stocks can continue to maintain their lead against BTC’s drawdown line, or whether the list of exceptions will start to shrink as Bitcoin stabilizes and relatively weaker performers fall behind.
The power relations are a ranking of the current situation. This is also a way to track how relative strength changes under pressure. Bitcoin’s place in that framework is particularly important, as BTC still serves as the market’s baseline asset.
Bitcoin remains the market baseline
When Bitcoin loses ground, the rest of the market usually receives a signal from it. If Bitcoin maintains cycle gains more than most other sectors, it indicates where capital is remaining more durable and structural demand is holding firmer.
The 43% drawdown still carries weight. It also represents a much stronger position relative to the broader market than the headline numbers alone suggest.
But still sitting deep in retracement territory, Bitcoin is in an unusual position, hurting in absolute terms but resilient in relative terms, still defining a baseline that the rest of the market must beat.
It is unlikely that this leaderboard will remain static. The bottom of the exception list is already just a few percentage points above Bitcoin. MemeCore leads by 6 points. siren by 4. Stable by 3. Small intraday changes in relative performance will quickly change the order of that section. Further up the list, continued pressure could narrow the advantage held by Sky, Kite, Canton, TRON, or Hyperliquid.
Could any of these nine continue to hold closer to their all-time highs than Bitcoin in the future, or will BTC’s 43% baseline be the line that more currencies eventually pull back from?
(Tag translation) Bitcoin
