Surpassing FTX-Era Lows: 38% Of Altcoins Hit Record Lows As Liquidity Abandons The Crypto Fringe
Altcoins have endured a prolonged structural decline since the peak of the 2021 bull cycle. While Bitcoin has managed to preserve portions of its macro uptrend, most alternative tokens have printed persistent lower highs and lower lows across multiple timeframes. For many projects, what began as a cyclical correction has evolved into a multi-year erosion of capital, liquidity, and investor confidence. Technically, price has fallen below the 50-week (blue) and 100-week (green) moving averages, both of which have begun to roll over. This alignment signals a loss of medium-term momentum. The 200-week moving average (red), positioned slightly above current levels, is now acting as dynamic resistance rather than support — a notable shift compared to the recovery phase seen in 2023 and early 2024.Related Reading
The structure resembles a lower-high formation following the 2025 peak, suggesting distribution rather than accumulation. Volume expanded during major selloffs, particularly on large red weekly candles, indicating forced exits and liquidity stress rather than orderly consolidation.
From a cyclical perspective, the $160–$170 billion region represents a key inflection area. A sustained break below this zone would open the path toward the $130–$140 billion range, revisiting 2023 support levels. Conversely, a weekly reclaim of the 200-week average would be required to signal structural stabilization.
Featured image from ChatGPT, chart from TradingView.com
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