Cryptocurrency analysts see no signs of a recovery in demand for altcoins

The altcoin market is experiencing a prolonged period of structural weakness — as evidenced by data from the Cumulative Buy/Sell Volume Difference indicator, which tracks the cumulative difference between altcoin buy and sell volumes on centralized exchanges, excluding Ether and Bitcoin.

The metric has been in negative territory for 15 consecutive months, indicating a sustained dominance of sellers over buyers. In early 2025, the metric nearly returned to neutral levels, but subsequently declined again.

CryptoQuant analysts attribute this trend to several factors: the gradual withdrawal of retail investors from the altcoin market, the reallocation of capital toward Bitcoin and stablecoins, and a lack of interest from major players.

According to experts, the current situation is not a short-term correction but a systemic weakening of demand that could last for an indefinite period. This assessment is a far more alarming signal for the market than a typical price decline.

Separately, analysts at CryptoQuant noted that Bitcoin trading volumes have exceeded the total trading volume of the entire altcoin market for two months now. This further confirms the trend toward capital concentration in the leading cryptocurrency amid a decline in investor appetite for riskier assets.