🗣 Are Altcoins in Free Fall — Is This the Final Stage of the Cycle?
▪️ Analysts at CryptoQuant report record selling pressure in the altcoin market over the past five years. The cumulative buy sell volume delta (excluding Ethereum) has reached $209 billion.
This metric has remained negative for 13 consecutive months. While in January 2025 demand nearly matched supply, the market has since shifted into a persistent one sided flow sustained net capital outflows from centralized exchanges.
Experts stress that the $209B figure alone does not indicate a market bottom. Rather, it reflects a structural absence of consistent demand.
▪️ Data from Santiment shows a surge in negative social sentiment, with bearish mentions reaching their highest level since the election of Donald Trump as U.S. president.
▪️ Crypto analyst Willy Woo argues that Bitcoin is reinforcing the bearish structure. According to him, rising volatility signals the development of a downward phase, and meaningful trend weakening is more likely only after volatility reaches peak levels typically seen in the mid-to-late stage of a cycle.
▪️ Earlier, trading firm Wintermute noted that retail investors are reducing exposure to altcoins and rotating capital back into Bitcoin and Ethereum.
☝️ Conclusion: The altcoin market remains under sustained pressure, and there are currently no confirmed signals of a durable reversal.