Data: 38% of altcoins are approaching historic lows, the largest drawdown since the FTX collapse

Odaily Planet Daily reports that Darkfost posted on the X platform stating that 38% of altcoins are approaching their all-time lows, worse than during the FTX aftermath. The overall environment remains unfavorable for risk-taking, with the first affected sector being the cryptocurrency market, especially altcoins. Current market liquidity remains fragile, with more funds flowing into stocks or commodities with higher volatility. This indicator shows that altcoins are still under pressure, representing the largest retracement for altcoins in this cycle. In comparison, the indicator was at 35% in April 2025 and 37.8% after the FTX collapse. The chart clearly illustrates the current state of altcoins, with investors remaining cautious and continuing to lose interest. However, it is precisely when conditions worsen significantly that opportunities begin to emerge.

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