Altcoin Market Shows Heightened Stress as 38% of Tokens Trade Near Record Lows

Altcoins have faced prolonged selling pressure since the post-2021 bear phase, while Bitcoin has held part of its broader uptrend. A CryptoQuant metric indicates that about 38% of non-Bitcoin, non-Ethereum, non-stablecoin tokens are currently priced close to their all-time lows, underscoring severe stress and weak risk appetite in the sector. Total crypto market capitalization excluding the top 10 assets is around $170 billion, well below the early 2022 peak near $450 billion.