While Bitcoin pushes confidently above the $104,000 mark, altcoins remain stuck in a prolonged slump — showing little sign of catching up.
A key metric, the 1-Year Cumulative Buy/Sell Quote Volume Difference for Altcoins (Excluding BTC & ETH), paints a clear picture of investor apathy.
The metric, which turned positive back in December 2024, coincided with a local top for altcoins. Since then, the sentiment has reversed sharply.
As of today, it sits at -36 billion USD, indicating heavy net selling pressure or a total lack of demand for altcoins across the board.
Despite Bitcoin’s explosive rally, the broader altcoin market is acting like it’s still in a crypto winter. Without a sustained rise in this buy/sell quote volume difference, the chances of a true altseason appear dim.
For now, the bulls may belong to Bitcoin — but until signs of accumulation return to altcoins, the flip remains out of reach.
