Data: 38% of altcoins are close to historical lows, marking the largest drawdown since the FTX collapse

By: rootdata|2026/03/03 16:47:21

Darkfost posted on platform X that 38% of altcoins are nearing historical lows, worse than the post-FTX period. The overall environment remains unfavorable for risk-taking, with the first affected sector being the cryptocurrency market, especially altcoins. Current market liquidity is still weak, with more flowing into more volatile stocks or commodities.

The indicator shows that altcoins are still under pressure, marking the largest drawdown 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 in them. However, it is precisely when conditions significantly worsen that opportunities begin to emerge.

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