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 response to information shared by analyst Darkfost.

The scale of the drawdown is now greater than what was seen over the past bear market, elevating new issues about liquidity and demand throughout the sector.

Altcoins Are Struggling

In a submit on X, Darkfost noted that strain on altcoins has elevated to a lot heavier ranges than earlier within the present cycle, with over 40% of them going near report lows in comparison with about 38% on the peak of the final bear market.

Per the analyst, a mix of macroeconomic stress and structural points inside the crypto markets prompted the weak point. Ongoing geopolitical tensions within the Middle East and the ensuing instability within the conventional market have additionally put extra strain on threat property, together with cryptocurrencies.

At the identical time, Darkfost blamed the rising quantity of tokens out there, 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 worth help.

Darkfost’s evaluation mirrors that of fellow analyst Wise Crypto, who had earlier pointed out that the full market cap for altcoins had dropped under $1 trillion, with the likes of Ethereum (ETH) slipping under $2,000 for a time, Solana dropping about 12% over a two-day interval, and several other “high-beta” tokens recording even steeper losses.

“A number of outliers are inexperienced, however the broader pattern is evident: 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 worry.” The metric has been in that zone for practically two months, with the interval coinciding with diminished participation and decrease conviction amongst merchants.

This scenario has led to restricted restoration to date, with ETH, the most important altcoin out there, up by about 3% within the final 24 hours to place its worth simply above the $2,000 degree, whereas SOL gained upwards of 2% over the identical interval, though it shed an identical proportion throughout 7 days. The likes of Jupiter (JUP), Zcash (ZEC), and Shiba Inu (SHIB) had registered the perfect performances over a day, with upticks ranging between 8% and 6%. Bitcoin Cash (BCH), Kaspa (KAS), and Hyperliquid (HYPE) have been on the alternative finish of the spectrum, dipping by 6%, 5%, and 4%, respectively.

What Could Follow

While Darkfots stopped quick of calling a backside, they did notice that previously, such excessive scales of underperformance, like we’re at the moment witnessing, have created alternatives for buyers in a position to determine the stronger initiatives inside the carnage. That view is much like a earlier take by analytics agency Santiment, whose consultants suggested that Bitcoin, and by extension the broader market, tends to maneuver in opposition to the group when worry reaches excessive ranges.

But as issues stand, the macro calendar may 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 up to now, and with sentiment low and altcoins beneath strain not seen earlier than on this cycle, market contributors will likely be carefully watching this coming week.

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