Altcoin headwinds are intensifying, with significant bearish on-chain movements over the last 30 days. Bitcoin (BTC) ‘s performance in the same period has offered little in the way of a sentiment boost to these assets, with the asset trading below the $60k mark. At the time of writing, Ethereum (ETH), Solana (SOL), and XRP remain in the red zone.
Altcoins Are Below 200-Day Moving Average
CryptoQuant analysts wrote that altcoins took the most hits from the bear market. This can be measured by comparing the slide of the last cycle peak to Bitcoin. Some altcoins have posted nearly 65% losses since Q4 2025, while Bitcoin’s decline fluctuates above 50%.
Metrics like the Total 3, which tracks altcoin market cap excluding Ethereum, plunged further below the 200 DMA. On Binance, trading activity shows bearish sentiment as inflows continue, setting up potential selling.
Binance is a key indicator due to its trading volume and trader patterns over time. On centralized exchanges, retail traders are dumping assets to prevent mounting losses, while a cross-section of whales is following suit.
On the broader scale, whales that picked up assets in the first quarter of the year are gradually exiting positions. Several analysts point to capital flows slightly to BTC and other assets amid macroeconomic pressures on financial markets.
 
“A prolonged period of stagnation across the majority of altcoins, one that is pushing investors to their limits. That said, this marks the second-longest underperformance streak since 2020. The only comparable episode occurred during the last bear market, where this dynamic lasted approximately ten months.”
The United States Reserve Ratio is also flashing risk to crypto traders as supply shrinks further. If these factors continue in decline, altcoin could suffer for an extended period before a possible rebound. This is also responsible for the decline in spot ETF volumes and institutional funds in the last 30 days.
Ethereum stretched sideways trading for another week sliding 5.2%, taking its monthly slump above 22%. The leading altcoin trades at $1,566 below projections after two quarters, although bulls are pricing in a recovery after the cycle bottom.
Solana plummeted 1.5% today but maintains its weekly positive inflow. Gains are up 4% in that window while XRP is down 6%. The wider crypto market dipped 2.07% to $2.04 trillion, signaling low sentiment.
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