Here are 9 altcoins that have outperformed Bitcoin recently

Only 9 tokens that are not stablecoins are closer to their all-time highs (ATH) than Bitcoin, indicating that most of the market’s losses are still concentrated in other assets.

Currently, Bitcoin is still 43.26% below its ATH. At first glance, this number serves as a reminder that a full recovery process has not yet been completed. However, relative to other assets, Bitcoin remains more resilient than most of the market.

According to market data, BTC is trading around $71,606, compared to an ATH of $126,198.

Only 9 tokens outperform Bitcoin

Excluding stablecoins and gold-pegged tokens, only 9 assets have experienced smaller declines than Bitcoin: UNUS SED LEO, Sky, Kite, Canton Network, TRON, Hyperliquid, MemeCore, Siren, and Stable.

This list is very narrow, especially considering that most of the market still suffers significant declines from their historical peaks.

Bitcoin’s standard drawdown is currently 43.26%. Any token with a lower decline has preserved more value than BTC during this market cycle. However, only 9 assets meet this criterion; the rest have fallen more sharply than Bitcoin.

Comparison table of token drawdowns versus Bitcoin

Looking at this order, it’s clear that Bitcoin acts as the dividing line between a small group of outliers and the rest of the market.

Bitcoin still outperforms most of the market

Despite experiencing a sharp correction, Bitcoin maintains a better position than nearly all non-stablecoin assets.

Some large-cap, highly liquid tokens like LEO, TRON, and Hyperliquid are notable exceptions when compared directly to BTC. Other assets like Sky, Kite, MemeCore, or Stable have smaller market caps or unique structures, making their advantage over BTC quite fragile.

Three performance groups

The distance from Bitcoin creates three groups:

1. Clear outperformers: LEO; Sky, Kite, Canton Network, TRON, Hyperliquid — all remain well above the 43% baseline of BTC.
2. Slightly better: MemeCore, Siren, Stable — only a few percentage points above BTC. Small fluctuations could push them below BTC.
3. Remaining market: assets that have fallen more sharply than BTC.

Bitcoin remains the market’s benchmark asset

Bitcoin continues to serve as the “reference standard” for the market. When BTC weakens, most other assets tend to follow; conversely, if BTC holds its value better, capital flows into BTC, reflecting strong restructuring demand and market resilience.

A 43% decline is significant, but in the broader context, it demonstrates Bitcoin’s relative strength. BTC has suffered absolute damage while maintaining its position as a benchmark, establishing a baseline that other assets need to surpass.

Next steps

This list of 9 outperforming tokens is unlikely to stay the same for long. Assets at the bottom like MemeCore, Siren, or Stable, only slightly above BTC, could quickly lose their advantage if volatility increases.

The key question: will these tokens continue to stay close to their ATHs compared to Bitcoin, or will BTC’s 43% decline become a “threshold” that more assets fall below?

This development will be an important measure of the market’s relative strength and help identify which assets are most resilient amid current pressures.

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