Altcoin Market Alert: Spot Selling Shows No Floor

1 month ago 8

Rommie Analytics

Key Takeaways

  • The 1-year cumulative buy/sell quote volume difference for altcoins (excluding BTC and ETH) hit a 5-year extreme in June.
  • 30 of the top 100 cryptocurrencies by market cap recorded positive 90-day returns as of July 3, 2026.
  • Altcoin market capitalization stands near $881 billion, below its 50-day ($921.5B), 100-day ($959.9B), and 200-day ($1.02T) simple moving averages. Daily RSI reads 49.45.

Spot Selling Shows No Recognizable Floor

Since Bitcoin reached its all-time high of $126,000 in October 2025, capital flows across the digital asset sector have shifted toward a sustained risk-off posture. The clearest evidence comes from spot market volume data tracked by CryptoQuant.

CryptoQuant analyst IT Tech flagged the deterioration, noting that the cumulative buy/sell volume difference for altcoins excluding Bitcoin and Ethereum reached a five-year extreme in June before falling even lower.

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