40% of altcoins at all-time lows due to liquidity drain, says analyst

Forty percent of altcoins are trading near their all-time lows, reflecting severe underperformance across most token projects, according to on-chain analyst Darkfost. He explained that as the crypto bear market deepens and Bitcoin's price falls, altcoin prices are collapsing. Darkfost noted that when BTC temporarily dropped below $60,000 last month, the share of altcoins hitting all-time lows increased to 45%. The primary reason for this downturn is a lack of liquidity, he argued. While thousands of new coins enter the market daily, not enough new capital is flowing in to support them. Darkfost emphasized that without a significant influx of new liquidity, most cryptocurrency projects are bound to fail.