The 1-year cumulative buy/sell quote volume difference for altcoins has plunged to -$36B, its lowest point since 2022. This trend shows a glaring lack of investor conviction in the altcoin space.
While Bitcoin has notched new all-time highs, altcoins remain in a net-sell zone, suggesting that most market participants are still risk-off when it comes to anything beyond BTC and ETH.
Positive flips in this metric have coincided with short-lived alt rallies. But as of June 2025, the sustained bleed implies that even in bullish macro conditions, altcoins haven’t shaken off their bear-market inactivity.
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