The bear cycle is dragging altcoins down harder than usual right now 🖤 with bitcoin stuck under $60,000 pressure keeps building fast on everything else.
Altcoins Hitting Extreme Lows 🌑
A fresh report from CryptoQuant highlighted that around 40% of altcoins sit near their all time lows which shows just how rough things got for most projects. Analyst Darkfost built a chart tracking those trading below 25% of their peaks yet ended up spotting at least 40% hugging their bottoms anyway.
As bitcoin slips further below that $60,000 line the share of altcoins near all time lows actually spiked to 45% last month. Low liquidity plays the biggest role here even though thousands of tokens launch daily CoinMarketCap lists 53.5 million cryptocurrencies total with about 60,000 new ones appearing every single day. Most of these are set to fail fast because fresh money just is not flowing in enough.
Without strong incoming liquidity the majority of these cryptos are doomed to fail the analyst noted.
Liquidity Drought Hits Hard 💀
Investors really need to pick projects carefully now since only a handful will survive this bear stretch and stay relevant. Those comments line up with what CryptoQuant founder Ki Young Ju said back in early December 2024 when altcoin vibes felt strong. Back then he pointed out the altseason would not unfold as expected without real new money entering the space and only select assets managed big moves while liquidity shortages limited everything else. That scarcity has grown even tighter this season pushing most altcoins into deeper underperformance.
Just another echo from the void by iconofsin.eth 💖
