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Altcoin News
About 38% of altcoins are trading at or near their all-time lows That figure now exceeds the 37.8% reading recorded in the immediate aftermath of the FTX collapse. It also surpasses the 35% level measured in April 2025. Darkfost described the current environment as “unfavorable” for risk-on assets
The analyst saidcrypto markets are among the first to absorb pressure when investors shift toward defensive positioning. Liquidity is moving out of altcoins and into equities and commodities, he said. Darkfost called the current drawdown the largest regression recorded during this market cycle.
Trading volume data reflects the shift. Daily volume peakedat over $417 billion on Oct. 10, the date of the historic crypto market crash, according to CoinMarketCap. By February and March 2026, daily volumes had dropped to a range of $49.4 billion to $268 billion.
The Total3 metric, which tracks the combined market capitalization of all crypto assets excluding Bitcoin and Ethereum, has retraced to November 2024 levels. POLKADOThit an all-time low of $1.13 in February before recovering 33%.
Social signals have weakened alongside prices. Mentions of altcoins across social media platforms dropped to two-year lows, according to sentiment platform Santiment. Google worldwide search volume for the term “altcoins” also fellto a score of 4 out of 100, its lowest in a year.
Jimmy Xue, co-founder of liquidity platform Axis, said altcoins are experiencing a “liquidity drain.” He said minor shifts in sentiment are producing outsized sell-offs because altcoins lack the institutional support and store-of-value narrative that Bitcoin carries. Analysts have separately cited token oversupply and the launch of Bitcoin ETFs as structural headwinds. More than 36.8 million crypto tokens are currently listed on CoinMarketCap.
Santiment notedthat discussions around “altseason” are at an extremely low level, but added that, historically, suppressed altseason sentiment has often appeared near the start of a new rebound. Darkfost also said the depth of the current drawdown could represent a buying opportunity for investors willing to take a position ahead of a potential recovery.
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Source: coinmarketcap.com