đŁ Are Altcoins in Free Fall â Is This the Final Stage of the Cycle?
âȘïž 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.
âȘïž 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.
âȘïž 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.
âȘïž Earlier, trading firm Wintermute noted that retail investors are reducing exposure to altcoins and rotating capital back into Bitcoin and Ethereum.
âïž Conclusion: The altcoin market remains under sustained pressure, and there are currently no confirmed signals of a durable reversal.