The post Rangebound markets, resilient onchain lending appeared on BitcoinEthereumNews.com.

This is a segment from the 0xResearch newsletter. To read full editions, subscribe. While crypto prices have shown a modest recovery in the short term, negative breadth and relative underperformance to TradFi benchmarks on the monthly suggests a prevailing bearish environment. Zooming out, we look at the secular growth trends within stablecoins and lending as durable sectors for multi-year growth. Indices Crypto markets remain rangebound after November’s harsh selloff. The past week has shown a modest recovery, with BTC at $90,400 now being 12% off of its recent correction low of $80,700. Over the trailing 24 hours, the AI and Modular sectors were the top winners, with TAO (+6.4%)  and TIA (+6.2%) as notable contributors to this short-term strength. The Perp Index was the top loser, with DYDX (-3.1%) and HYPE (-0.6%) accounting for the sector’s weakness. Zooming out to the monthly, the picture remains unfavorable. TradFi benchmarks like Gold, Nasdaq and the S&P 500 are all green over the past month, while every crypto index we track is measuring negative returns. Breadth is decisively negative on the monthly for all crypto indices, with no safe haven provided. Notably, the Protocol Revenue index is the top performing among crypto sectors, suggesting relative strength in protocols with strong fundamental positioning. Despite recent strength, it remains to be determined whether this rally is countertrend to a prolonged downtrend, or if the low is in for the rest of 2025. Market Update Amid the downtrend, don’t lose sight of the bigger picture, and take a moment to appreciate just how far we’ve come. At the bear market low, lending applications within DeFi accounted for just $5 billion in deposits, a rounding error within the larger financial system. In the years since, this figure has grown to $71 billion in deposits, having just previously…

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Filed under: News - @ December 9, 2025 7:20 pm