CryptoQuant added that more than 40% of altcoins are currently trading near all-time lows, as the crypto market is suffering from geopolitical tensions and volatility in financial markets. Altcoins are under particularly heavy pressure due to the record number of cryptocurrencies — more than 47 million — which strovemont dilutes liquidity and makes them more fragile, analysts noted. In March 2026, more than 40% of altcoins are trading near their all-time lows.
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Bitcoin Cash (BCH), Kaspa (KAS), and Hyperliquid (HYPE) were on the opposite end of the spectrum, dipping by 6%, 5%, and 4%, respectively. The number of cryptocurrencies has expanded to roughly 47 million, with about 44 million concentrated across Solana, Base, and BNB. This surge in token supply has fragmented liquidity, spreading capital thinly across an increasingly crowded market.
- Other tokens include examples from previous hype cycles, such as the meme token CHILLGUY, the AI agent token ZEREBRO, and even the gaming token MAVIA.
- This retracement phase of altcoins is harsher than that of the last crypto bear market.
- Consider this – The 90-day Altcoin Season Index, which tracks performance outside Bitcoin, has held relatively firm despite the broader market’s decline.
- At the time of writing, the accumulation/distribution (A/D) indicator suggested that broad-based buying activity was underway, with trading volume hitting approximately 4.5 billion tokens.
- SEC fillings and other documents provided by Quartr.© 2026 TradingView, Inc.
Over 40% of Altcoins Near All-Time Lows, Worse Than Last Bear Market
Altcoins, he said, have never faced this kind of pressure in the current cycle. Mitrade does not issue advice, recommendations or opinion in relation to acquiring, holding or disposing of our products. All of our products are over-the-counter derivatives over global underlying assets. Mitrade provides execution only service, acting as principal at all times. This level of open interest is the lowest since the summer of 2025, though not the lowest in history. Some traders are still tracking older projects, expecting eventual new developments.
Too many assets fight for liquidity that has become more selective. This does not mean that the entire altcoin universe is doomed. It means that the majority of weak projects risk being ignored longer than before. This latter idea is a coherent inference with the liquidity dilution described by several sources. Per the analyst, a combination of macroeconomic stress and structural issues within the crypto markets caused the weakness. Ongoing geopolitical tensions in the Middle East and the resulting instability in the traditional market have also put more pressure on risk assets, including cryptocurrencies.
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Analysts call it liquidity dilution — capital spread too thin to support the crowd. Behind the price fall, there is a deeper problem in the crypto universe. The total number of cryptocurrencies has exceeded 47 million, with about 22 million tokens on Solana, over 18 million on Base, and nearly 4 million on BNB Smart Chain. The crypto market has never had so many assets to absorb. The likes of Jupiter (JUP), Zcash (ZEC), and Shiba Inu (SHIB) had registered the best performances over a day, with upticks ranging between 8% and 6%.
These crypto coins have their own blockchains which use proof of work mining or proof of stake in some form. They are listed with the largest coin by market capitalization first and then in descending order. To reorder the list, just click on one of the column headers, for example, 7d, and the list will be reordered to show the highest or lowest coins first. There are now over 47 million cryptocurrencies in existence.
Bitcoin’s start-of-the-month rally has pushed it close to $70,000, with altcoins and the broader crypto market following suit. Risk assets across the board have taken hits, and crypto — altcoins above all — has absorbed some of the heaviest blows.Bitcoin Holds Up. The altcoin market also changed its profile, with more numerous listings, but lower overall value. The consensus is that some tokens may never return, due to a loss of liquidity. Despite this, altcoin open interest is still not down to all-time lows, retaining a relatively high baseline.
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This level even exceeds the peak observed during the previous bear market, which was around 38%. In other words, the current weakness is no longer just a simple air pocket. That view is similar to a previous take by analytics firm Santiment, whose experts suggested that Bitcoin, and by extension the broader market, tends to move against the crowd when fear reaches extreme levels. During previous cycles, the crypto market could still create the illusion that a big collective rebound was possible.