38% of altcoins near historical lows, surpassing post-FTX market levels

KuCoinFlash

Release Time: 03/03/2026 07:30:46

Summary

As of March 3, 2026, 38% of top altcoins are near their historical lows, surpassing the 37.8% observed after the FTX collapse. Analyst Darkfost, citing CryptoQuant data, called it the largest drawdown of this market cycle. Liquidity remains fragile, with capital shifting toward volatile assets. Darkfost noted that such extreme levels could signal a rebound and urged traders to monitor for bottom signals in trending altcoins.

BlockBeats news, on March 3, analyst Darkfost, citing CryptoQuant data, stated that as of March 2026, 38% of altcoins are near their historical lows, higher than the 37.8% following the FTX collapse, reflecting the largest drawdown for altcoins in this cycle.

Darkfost believes that current market liquidity remains fragile, with capital primarily flowing into highly volatile stocks or commodities markets. He suggests that when market conditions deteriorate to such extreme levels, it often signals the potential for a rebound, and recommends monitoring for signs of a possible bottom.

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