38% of altcoins trade near all-time lows as liquidity shifts to Bitcoin

CryptoQuant flags extreme altcoin stress. About 38% of non-BTC, non-ETH altcoins now trade near all‑time lows as capital concentrates in Bitcoin.

Headline metric
- CryptoQuant’s “Altcoins Near ATL” shows roughly 38% of altcoins hovering near their weakest levels since launch. Source: CryptoQuant quicktake. Context: historical lows discussion.

What’s included
- Altcoins exclude Bitcoin, Ethereum, and stablecoins. Source: CryptoQuant quicktake.

Why it’s happening
- Capital rotates to BTC as spot ETF inflows pull liquidity from smaller coins. Source: CryptoQuant.
- Token count keeps rising. Liquidity spreads thinner across more assets. Source: CryptoQuant.
- Higher rates and tight liquidity curb risk appetite. Source: CryptoQuant.
- Such extremes have sometimes appeared in later cycle stages. Source: CryptoQuant.

Market structure check
- Total cap ex top‑10 sits near $170B after failing to hold the $200B area and falling below the 50‑ and 100‑week MAs. The 200‑week MA is near $200B, with $200–$220B marked as a reclaim zone in the analysis. Chart source: TradingView.

Takeaway for investors
- The 38% ATL reading signals broad altcoin strain and persistent liquidity concentration in Bitcoin, while many smaller caps trend below long-term technical levels. Sources: CryptoQuant, TradingView.