Altcoins continue to struggle due to technical pressure and capital outflow toward Bitcoin. According to CryptoQuant, altcoins are currently about 27% below their 200-day simple moving average. Traders and investors are closely monitoring this level, as it suggests consistent weakness rather than a brief pullback.
Pressure is felt across major exchanges. On average, an altcoin trades around 30.8% below its 200-day moving average on Binance, which boasts the highest market liquidity. Other major platforms like Bybit, Gate.io, and KuCoin show the same pattern, indicating this is not an isolated issue but an industry-wide trend.
Meanwhile, Bitcoin’s share is increasing. It now accounts for roughly 58%-59% of the entire crypto market. Because of this shift, capital barely flows into altcoins, causing most rallies to be short-lived and affecting only a few assets.
As BTC dominance reached and stabilized at key levels, previous expectations for an imminent altcoin season have largely faded. The Crypto Fear & Greed Index remains in the fear or extreme fear zone, signaling that investors are still hesitant to take on extra risk.
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