According to @bespokeinvest, 50% of US large-cap mutual funds have outperformed their benchmarks year-to-date in 2025, marking the highest outperformance rate since the 2022 bear market and the second-best result in 16 years (source: @bespokeinvest, Twitter, June 2025). Historically, only 37% of such funds have exceeded their benchmarks. For crypto traders, this surge in active manager performance often signals increased volatility and sector rotation in traditional markets, which can lead to capital flow changes impacting cryptocurrency liquidity and trading volumes. Traders should monitor these trends for potential shifts in risk appetite that may affect Bitcoin, Ethereum, and altcoin price action.