Altcoin Plunge Sets New Low Since FTX Collapse

38% of altcoins near historical lows, worse than post-FTX, says analyst.

Approximately 38% of altcoins have neared historical lows. The sector’s situation is reportedly worse than after the collapse of the FTX exchange, according to an analyst known as Darkfost.

38% of Altcoins Near ATL, Worse Than the Post-FTX Period

“This metric shows how much altcoins are still under pressure. In fact, this represents the largest regression of altcoins observed during this cycle.” – By @Darkfost_Coc pic.twitter.com/chtaz1mHdZ

— CryptoQuant.com (@cryptoquant_com) March 3, 2026

According to him, investors are avoiding risks. Liquidity is shifting from the crypto market to stocks and commodities. Alternative coins are bearing the brunt and losing market share.

The price decline is accompanied by waning interest in these assets. Data from the analytical platform Santiment indicates that mentions of altcoins on social media have hit a two-year low. Global Google search volumes have dropped to an annual low of 4 out of a possible 100 points.

Axis platform co-founder Jimmy Xue explained the situation as a “liquidity outflow.” He noted that due to a capital shortage, even minor market sentiment shifts trigger mass sell-offs.

Xue added that altcoins lack institutional support and the “digital gold” status that provides Bitcoin with resilience.

Despite the capital outflow, Darkfost remains optimistic. The analyst emphasized that the best investment opportunities arise during periods of sharp market deterioration.

In February, Santiment experts identified the crypto market’s independence from TradFi dynamics as the main condition for a large-scale rally.