Altcoin sell pressure hits five-year extreme with 15 months of net selling
The spot market has seen 15 consecutive months of net selling, with the cumulative buy/sell volume difference for altcoins excluding BTC and ETH at its deepest negative level since 2020.
The indicator had nearly returned to flat in early 2025 before reversing sharply lower and continuing to decline.
This decline indicates a significant shift in market sentiment, with investors increasingly selling off their altcoin holdings.