Altcoins Selling Pressure Persists As Exchange | Crypto News
Altcoins haven’t fairly recovered from the numerous downturn that hit the financial markets a week in the past. Most large-cap cryptocurrency belongings, including Bitcoin, are either revisiting their low from the earlier week or struggling to mount any real stress from their current place.Â
For occasion, the largest altcoin by market cap, Ethereum, after briefly returning to above $4,200 earlier this week, is back to its stage in the aftermath of the October tenth massacre. According to the latest on-chain data, it seems that buyers are more and more dropping confidence in the long-term promise of the altcoins.
Are Altcoins In For A Deeper Correction?
In a new post on X, CryptoQuant’s Head of Research, Julio Moreno, revealed that altcoins are making their means in large volumes to centralized exchanges. This contemporary development displays a less optimistic shift in investor sentiment after a notably constructive start to the month of October.
The related indicator right here is the Exchange Inflow Transaction Count, which measures the quantity of transactions involving the deposit of a cryptocurrency (altcoins, in this context) into a centralized exchange. This metric can be utilized to assess investor sentiment at every given second in the market.
A big rise in the Exchange Inflow Transaction is often thought-about a bearish signal, as it suggests that buyers are transferring their belongings to centralized exchanges to promote. Ultimately, this development might imply imminent promoting stress for the cryptocurrency (or group of digital belongings, as in this case).
Moreno revealed in his post on X that the quantity of transactions sending altcoins onto trading platforms has reached a new high in 2025. As noticed in the chart below, the world’s largest cryptocurrency exchange by trading quantity, Binance, has been accountable for the bulk of the cryptocurrencies flowing into these centralized platforms.
While the market already appears to be present process a important correction, a steady circulation of belongings into exchanges might imply an prolonged period of downward motion for the altcoins. However, the height of this metric might also be important, as it might signal the backside and potential reversal of the altcoin market.
Altcoin Market Cap Falls To $1.45 TrillionÂ
According to the latest data, the cryptocurrency market (excluding Bitcoin) is valued at around $1.45 trillion, reflecting an over 1% drop in the past 24 hours. What’s more worrying is the market’s report in the past week, as the altcoins have misplaced practically 13% of their worth over the last seven days.
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