Back to Markets
Crypto▼ Bearish
Altcoin Sell Pressure Hits Five-Year Extreme
CryptoQuant data shows altcoin net selling exceeded $250 billion over 17 months as AI rotation and regulatory delays curb demand. The TOTAL3 index tests key support.
Continue with
Altcoin selling on centralized exchanges has reached a five-year extreme. CryptoQuant data shows cumulative net selling by altcoin investors, excluding Bitcoin and Ethereum, had exceeded $250 billion by mid-June. Sellers have outnumbered buyers for 17 consecutive months.
The selling pressure built through 2024. By mid-January 2025, the metric approached neutral. CryptoQuant said the move pointed to renewed demand. That reversal did not last. Since then, sellers have overwhelmed buyers at a pace the data firm called the steepest capitulation on record.
CryptoQuant attributed the selling to two factors: capital rotation toward AI tokens and the delayed Clarity Act vote. The proposed U.S. crypto regulation bill cleared the Senate Banking Committee but has not reached a floor vote, leaving the industry without clear rules. The AI token sector drew significant inflows as new projects launched, CryptoQuant analysts said.