Over 40% of Altcoins Near All-Time Lows, Worse Than Last Bear Market
More than 40% of altcoins are buying and selling at or close to their all-time lows as of March 30, 2026, in accordance with knowledge shared by analyst Darkfost.
The scale of the drawdown is now larger than what was seen over the past bear market, elevating new considerations about liquidity and demand throughout the sector.
Altcoins Are Struggling
In a put up on X, Darkfost noted that stress on altcoins has elevated to a lot heavier ranges than earlier within the present cycle, with over 40% of them going near document lows in comparison with about 38% on the top of the final bear market.
Per the analyst, a mixture of macroeconomic stress and structural points inside the crypto markets brought on the weak point. Ongoing geopolitical tensions within the Middle East and the ensuing instability within the conventional market have additionally put extra stress on danger property, together with cryptocurrencies.
At the identical time, Darkfost blamed the rising quantity of tokens available in the market, which they estimated at greater than 47 million, together with round 22 million on Solana, over 18 million on Base, and about 4 million on the BNB Smart Chain. According to them, that enhance led to a dilution of liquidity, because it needed to be unfold throughout a wider set of property, leaving smaller tokens with little, if any, buying and selling exercise and weaker value help.
Darkfost’s evaluation mirrors that of fellow analyst Wise Crypto, who had earlier pointed out that the overall market cap for altcoins had dropped beneath $1 trillion, with the likes of Ethereum (ETH) slipping beneath $2,000 for a time, Solana dropping about 12% over a two-day interval, and a number of other “high-beta” tokens recording even steeper losses.
“A couple of outliers are inexperienced, however the broader pattern is obvious: liquidity is leaving the altcoin market,” Wise Crypto said on the time.
Sentiment has additionally deteriorated. The Crypto Fear and Greed Index is standing at 8, exhibiting “excessive concern.” The metric has been in that zone for practically two months, with the interval coinciding with decreased participation and decrease conviction amongst merchants.
This state of affairs has led to restricted restoration to date, with ETH, the biggest altcoin available in the market, up by about 3% within the final 24 hours to place its value simply above the $2,000 stage, whereas SOL gained upwards of 2% over the identical interval, though it shed the same share throughout 7 days. The likes of Jupiter (JUP), Zcash (ZEC), and Shiba Inu (SHIB) had registered the most effective performances over a day, with upticks ranging between 8% and 6%. Bitcoin Cash (BCH), Kaspa (KAS), and Hyperliquid (HYPE) had been on the alternative finish of the spectrum, dipping by 6%, 5%, and 4%, respectively.
What Could Follow
While Darkfots stopped brief of calling a backside, they did observe that previously, such excessive scales of underperformance, like we’re presently witnessing, have created alternatives for buyers in a position to determine the stronger initiatives inside the carnage. That view is just like a earlier take by analytics agency Santiment, whose specialists suggested that Bitcoin, and by extension the broader market, tends to maneuver in opposition to the group when concern reaches excessive ranges.
But as issues stand, the macro calendar might add additional turbulence earlier than any stabilization, particularly contemplating there are a number of upcoming U.S. financial occasions, together with the March Jobs Report and Fed Reserve Chair Jerome Powell’s speech. Both have moved crypto costs previously, and with sentiment low and altcoins below stress not seen earlier than on this cycle, market members might be carefully watching this coming week.
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