[DigitalToday reporter Chi-gyu Hwang (황치규)] Selling pressure in altcoins has reached its highest level in five years.
A recent CryptoQuant analysis showed the cumulative difference between buying and selling for altcoins excluding bitcoin and ether fell to minus $209 billion. In January 2025, the indicator was close to zero, suggesting supply and demand were in balance. Net selling has continued for 13 consecutive months since then.
Looking at the market structure, most retail money has exited and there is still no sign of institutions accumulating in a concentrated way. Analysts see the current move not as a short-term correction but as spot net-selling pressure that has lasted for more than a year. Buying demand is clearly lacking.
About the Author
Chi-gyu Hwang
delight@d-today.co.kr