Cumulative spot selling pressure across altcoins, excluding Bitcoin and Ethereum, has reached a five-year extreme, according to data released by CryptoQuant, marking one of the most persistent distribution phases in recent market cycles.
Summary
- Cumulative altcoin buy-sell difference excluding BTC, ETH widened to about -$209b over 13 straight months, the most sell-dominant phase in 5 years.
- Indicator was near $0 in Jan 2025 before prolonged selling, signaling structural outflows, fading retail demand, and little visible institutional accumulation in altcoins.
- BTC trades well below its Oct 2025 ATH, while altcoin spot markets remain under pressure, with past cycle reversals only emerging after sustained net buying replaces directional sellin
The cumulative buy-sell difference for altcoins now stands at negative 209 billion, reflecting 13 consecutive months of net selling on centralized exchanges, the data showed.
In January 2025, cumulative buy and sell pressure across altcoins was roughly balanced, marking the last point where demand matched supply, according to the analysis. Since then, altcoins have recorded a cumulative negative 209 billion in net sell pressure over the following 13 months, with limited evidence of sustained buying activity.
Bitcoin currently trades well below its October 2025 all-time high. While Bitcoin has retraced from peak levels, altcoins have experienced stronger structural pressure, the data indicated. The absence of net positive inflows suggests retail participation has declined, with capital rotation toward major cryptocurrencies occurring earlier in the cycle, according to market observers. Institutional accumulation in altcoins remains limited, the data showed.
Bitcoin trading as alt-coin difference expands
A cumulative negative 209 billion reading signals that supply has consistently exceeded demand, though it does not automatically indicate a market bottom, analysts noted. Extended net selling phases can persist until liquidity conditions improve or new capital enters the market, according to historical patterns.
Durable market reversals have historically occurred only after sustained buying activity replaces directional selling, market data shows. Altcoin spot markets remain under pressure and demand recovery has not yet materialized, according to the CryptoQuant analysis.
Credit: Source link
