Altcoins Near ATL Signal Extreme Stress in the Altcoin Market (Analysis Report No.229) via @cryptoquant_com In the current crypto market, understanding the condition of altcoins is just as important as tracking Bitcoin’s price. One useful indicator is “Altcoins near ATL,” which measures the percentage of altcoins trading near their all-time low (ATL). In this metric, altcoins refer to all cryptocurrencies excluding BTC, ETH, and stablecoins. This chart was created by Darkfost @Darkfost_Coc , a Verified Author at CryptoQuant who focuses on on-chain market analysis. The chart shows that around 38% of altcoins are currently trading near their historical lows. In other words, nearly four out of ten altcoins are close to their weakest price levels. Historically, such high readings have appeared during periods of strong market stress. When this ratio rises, it suggests that many altcoins are in prolonged downtrends and investor sentiment toward riskier assets has deteriorated. One reason behind this trend is capital concentration in Bitcoin. Institutional flows, especially through spot Bitcoin ETFs, have attracted liquidity toward BTC, while many smaller tokens struggle to attract new demand. At the same time, the number of crypto assets has expanded rapidly, increasing competition for capital across the altcoin market. Macroeconomic conditions also play a role. Higher interest rates and tighter liquidity tend to reduce risk appetite, pushing investors toward larger assets while speculative tokens face stronger selling pressure. However, historically these extreme levels have often appeared near the later stages of market cycles. When a large share of altcoins is already near ATL, much of the selling pressure may already be priced in. As market conditions stabilize and Bitcoin strengthens, capital can gradually rotate back into altcoins. https://t.co/WT9cjhHXDU