Altcoin Market Shows Record-Long Drawdown Period

The altcoin market continues to significantly lag behind Bitcoin, remaining under pressure at key technical levels. According to CryptoQuant data, around 84% of tokens on Binance’s spot market are trading below the 200 DMA (200-day moving average).

CryptoQuant analyst Darkfost notes that this condition has persisted for several months, reflecting sustained seller dominance in the segment.

In a historical context, the current phase ranks among the longest periods of weakness since 2020, second only to the previous bear cycle.

The Total3 index confirms this picture: its weekly closes remain below the 200 DMA, which indicates the absence of a stable medium-term uptrend in altcoins.

Local rebounds are not forming a reversal: capital continues to rotate toward Bitcoin, while the market remains fragmented.

In this environment, the 200-day moving average functions more as a trend confirmation indicator rather than a reversal signal. The current structure points to a prolonged redistribution of liquidity, with no clear signs of a full-fledged altseason forming.

Read also:

• Demand for RWA Begins to Displace Altcoins on Crypto Exchanges — CryptoQuant
• CryptoQuant: Altcoin Sell Pressure Hits a Five-Year High
• Altcoin Share at Historic Lows Surpasses 40% — CryptoQuant
• Altseason Mentions Hit a Record Low on Social Media — Santiment

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