Data: 38% of altcoins are near historical lows, marking the largest drawdown since the FTX collapse

Odaily reported that Darkfost posted on X, stating that 38% of altcoins are approaching historical lows, worse than the post-FTX period. The overall environment remains unfavorable for risk-taking, with the first sector affected being the cryptocurrency market, especially altcoins. Current market liquidity remains fragile, with more capital flowing into stocks or commodities with greater volatility. This indicator shows that altcoins are still under pressure, and in fact, this is the largest drawdown for altcoins in this cycle. For comparison, this indicator was at 35% in April 2025 and 37.8% after the FTX collapse. The chart clearly illustrates the current situation of altcoins, with investors remaining cautious and continuing to lose interest in altcoins. However, it is precisely when conditions deteriorate significantly that opportunities begin to emerge.