Altcoins Bleed: 38% Hit Multi-Year Lows in Cycle’s Worst Dip Post-FTX Crash

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Ah, the great altcoin debacle! According to CryptoQuant, a whopping 38% of these so-called “alternative cryptocurrencies” (a rather generous term for most of them) are now wallowing near all-time lows, a drop so steep it makes the post-FTX crash look like a gentle downhill slope.

CryptoQuant, in a burst of enthusiasm, shared a tweet showing the “percentage altcoins near ATL” metric. Apparently, a “significant” portion of altcoins-because why not-remains in a perpetual state of underwhelming. But, wait, it gets juicier: CryptoQuant claims this is the “largest regression of altcoins” we’ve seen in this cycle. Take a moment to appreciate that one. It’s a “largest regression” as if to say, “look, we’ve seen worse, but this… this is next level!”

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

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

And speaking of Bitcoin-oh, dear Bitcoin-closed February down a tragic 14.85%, with an even more tragic 47.28% drop from its peak in October. The market, you see, is hardly a playground for risk-takers right now. And this, my dear readers, is the lovely backdrop that has bled into the altcoin market, pushing 38% of them to tumble towards their all-time lows, which is, dare we say, worse than the great FTX aftermath.

Remember the FTX collapse? November 2022. A glorious catastrophe, made even better by the TerraUSD disaster that followed, triggering a domino effect of failures. Yes, yes, we all remember that thrilling ride involving Three Arrows Capital and BlockFi. Everyone loves a good story of financial ruin. It’s practically a genre at this point.

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Now, according to CryptoQuant’s ever-dramatic reports, the “percentage altcoins near ATL” metric has danced around the 35% mark in April 2025 and 37.8% post-FTX. And, as if things couldn’t get better, the market liquidity remains as fragile as a house of cards in a windstorm. Investors are apparently too cautious to even glance at altcoins. Ah, the sweet sound of fear and hesitation in the air.

But don’t worry, folks. There is a silver lining in this disaster. When market conditions are miserable, that’s when opportunities appear. It’s like watching a bad movie-sure, it’s terrible, but there’s always a chance it turns into something unexpectedly entertaining.

Market continues to struggle

Altcoins, poor things, continue to struggle, caught in the crypto quicksand, weighed down by the lack of liquidity. And if that wasn’t enough, the Oct. 10 event just gave them an extra push down the crypto drain.

The market has remained in a state of historical weakness. No, really, it’s historical. As in, people will look back on this moment with the same wonder one might have about an ancient civilization’s downfall. Since early October, market capitalization (excluding BTC and stablecoins, of course) has been on a lovely downtrend.

Now, Bitcoin-ah, our old friend-fluctuated on Tuesday. The largest cryptocurrency did what it does best: fell. After briefly surpassing $70,000, it then decided to tumble a tragic 3.7%, landing somewhere just above $66,500 at press time. Bitcoin’s mood is as unpredictable as ever, a reminder that it’s still riding the rollercoaster of financial despair.

The sentiment is, unsurprisingly, bearish. The day before, U.S. spot Bitcoin exchange-traded funds had seen inflows of $458.2 million. Yet, here we are-staring into the abyss, with Bitcoin sliding downward as gracefully as a penny dropped from the top of a building.

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2026-03-03 17:20