The altcoin market is facing severe and sustained selling pressure, with a cumulative net outflow of $209 billion over 13 months. According to a market analysis, this represents the most extreme sell-off level in five years. The total altcoin market capitalization, excluding Ethereum, has remained below $1 trillion, reflecting multi-year low sentiment and weak demand.
Altcoins are facing unprecedented selling pressure as the market struggles to recover. The total market capitalization for altcoins excluding Ethereum has stayed below $1 trillion throughout February.
The cumulative buy/sell difference for altcoins has reached extreme levels. Over the past 13 months, the net selling pressure has reached about $209 billion.
According to a report from CryptoQuant, altcoins are experiencing their most extreme sell-off level in the last five years. Analysts warn that the $209 billion cumulative delta does not indicate a market bottom but reflects the near absence of demand.
Bitcoin has also corrected significantly, dropping from an all-time high above $125,000 to around $68,800. This decline has further drained liquidity from smaller tokens.
For now, the market is fragile and any rally may be short-lived. Many retail investors have exited with little evidence of major institutional buying.
