According to data shared by CryptoQuant, cumulative spot selling pressure across altcoins (excluding BTC and ETH) has reached a five-year extreme, marking one of the most persistent distribution phases in recent cycles.
The cumulative Buy/Sell difference for altcoins now stands at -209 billion, reflecting 13 consecutive months of net selling on centralized exchanges.
In January 2025, cumulative buy and sell pressure across altcoins was roughly balanced. That marked the last point where demand meaningfully matched supply.
Since then, the structure has shifted decisively.
Over the following 13 months, altcoins have recorded a cumulative -209 billion in net sell pressure. The flow has been largely directional, with limited evidence of sustained absorption.
This is not a short-term correction. It represents a prolonged contraction in spot demand.
Bitcoin is currently trading around $68,800, significantly below its October 2025 all-time high above $125,000. While BTC has retraced, altcoins have experienced even stronger structural pressure.
The absence of net positive inflows suggests:
The cumulative data indicates that buyers have not stepped in at scale during this decline.
A cumulative -209 billion reading does not automatically imply a market bottom. It signals that supply has consistently exceeded demand.
Extended net selling phases can persist until liquidity conditions improve or new capital enters the ecosystem. Historically, durable reversals tend to occur only after sustained absorption replaces directional distribution.
For now, the structural takeaway is clear: altcoin spot markets remain under pressure, and demand recovery has yet to materialize.
