Analysis: Altcoin Spot Selling Pressure Drops to Nearly Five-Year Low, But Market Yet to Show Signs of Bottoming Out
BlockBeats News, July 3rd, market analyst IT Tech cited Crypto Quant data indicating that the cumulative buy/sell volume difference in the altcoin spot market, excluding Bitcoin and Ethereum, has further dropped to a near five-year low, showing continued intensification of selling pressure.
Since reaching a phase high at the beginning of 2025, the altcoin spot market has remained in a consistent net selling state, persisting for over 15 months. During this period, there has been little to no signs of a significant rebound or alleviation of selling pressure, and the market has yet to form a clear bottom.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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