📉 Is the alt season being postponed? The numbers speak for themselves
On the chart — one of the most concerning on-chain indicators in recent years.
📊 The cumulative difference between altcoin buys and sells (excluding BTC and ETH) has hit a new all-time low. This means that for a long time, selling has dominated the market, and demand for most altcoins has practically disappeared.
That’s why many people are still stuck in drawdowns, waiting for an “alt season” that just won’t start.
But it’s important to understand one thing👇
Periods of maximum pessimism often become the starting point for strong moves. While the crowd loses patience and capitulates, large capital is gradually starting to look at the best assets.
The main question now isn’t whether a recovery will happen, but which projects will be able to survive this phase and show strength first.
⚠️ Don’t forget: not every altcoin will make it through this cycle. Right now, it’s especially important to bet on quality, not quantity.
The market is going through one of the most painful days in recent months.
📉 Over the past 24 hours, more than $1 billion LONG positions have been liquidated.
According to Coinglass, on Binance a single order liquidated a LONG position for ETH/USDT worth $19.3 million.
🔴 CryptoQuant reports that in just 1 hour, across all exchanges, BTC worth more than $2.07 billion was sold via market orders.
Against the backdrop of the drop:
▪️ Crypto market capitalization temporarily fell below $2 trillion. ▪️ A whale associated with Matrixport is sitting on a floating loss of nearly $100 million on BTC and ETH positions totaling $217 million. ▪️ The “0xf79C” wallet lost $8.4 million after positions in BTC and XRP were fully liquidated.
On social media, people are already actively discussing theories that big players and whales are mass-unloading the market. However, such moves are often accompanied by exactly a cascade of liquidations, when a price drop triggers a chain reaction of forced closures.
💡 The main thing now is not to panic.
Historically, the strongest spikes in liquidations and fear often occurred near local market lows. It’s still too early to talk about a reversal, but the scale of capitulation has already reached extremely high levels.
🚨 WHALES HAVE DUMPED OVER $2.7 BILLION IN BTC. IS THE MARKET IN A PANIC?
The last few days in the market have been marked by aggressive sell-offs.
🐋 According to Santiment, wallets holding between 10 and 10,000 BTC have reduced their holdings by 45,074 BTC over the past 8 days.
At current prices, that’s about $2.7 billion.
At the same time, CryptoQuant recorded a significant spike in capitulation at #BİNANCE :
🔴 In just one minute, market orders sold $BTC worth $470 million.
🔴 Within one hour, the volume of aggressive selling exceeded $1.2 billion.
What does this mean?
📉 On one hand, the selling from large holders increases pressure on the price and provokes panic among retail investors.
📊 On the other hand, it’s often in moments of maximum fear that the market begins to look for a local bottom. Historically, large volumes of capitulation have frequently appeared at the concluding stages of strong corrections.
It’s important to understand right now:
• Whales are reducing positions. • Retail is selling on emotions. • Volatility remains extremely high.
💡 The key question for the coming days is whether there will be enough buyers willing to absorb this volume of supply.