Nearly 40% of altcoins are near all-time lows, analysis finds

Approximately 38% of major altcoins are trading near their all-time lows (ATL), continuing a trend of structural weakness, XWIN Research Japan noted in a contribution to CryptoQuant. The research firm explained that according to CryptoQuant indicators, the share of altcoin trading volume has been declining since 2021, indicating a risk-off flow of funds toward BTC. This situation signifies a phase of expanding unrealized losses rather than just a simple price decline. The analysis suggests the market is currently in a sideways phase centered on BTC. While altcoins may be approaching a bottom, any potential rebound is likely to be limited without a recovery in trading volume.