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06/17 11:00

Altcoin selling reached all-time highs in June

#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTXCommunity4thAnniversary Altcoin selling reached all-time highs in JuneAltcoin markets reached peak selling pressure in June, as traders allocated liquidity to other opportunities. For now, crypto sentiment suggests there may not be an altcoin market, though some projects are outperforming in the past three months. In the past 12 months, altcoin selling grew exponentially, reaching a peak of selling pressure in early June. Altcoins have lost their appeal after years of sliding with no recovery, leading to accelerated retail capitulation and general selling pressures.Altcoin selling pressure reached an all-time peak in early June after a year of near-exponential capitulation. | Source: Cryptoquant The current selling pressure has surpassed the 2022 market crash and the subsequent bear market. In 2026, altcoin holders are no longer willing to wait for years for an eventual recovery. The current selling trend, excluding Ethereum, affects legacy assets, some VC-backed tokens, and platforms with no significant fee activity. As Cryptopolitan reported, new batches of altcoins outperformed assets from previous market cycles. As of June 17, the altcoin season index sits at 49 points, in neutral territory between $BTC dominance and interest in other assets. Among the top 100 assets, only 36 have net gains in the past three months, based on CoinMarketCap data. Altcoins have also abandoned the rise of narratives, and instead, liquidity concentrates with specific assets and platforms. Real activity, high daily fees, or signs of liquidity inflows are the main drivers of value in altcoin platforms.

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