Over 40% of Altcoins Near All-Time Lows, Worse Than Last Bear Market

There are now more than 47 million tokens across all major chains, which distribute less liquidity than previous points in the cycle.

More than 40% of altcoins are trading at or near the low price as of March 30, 2026, according to data shared by analyst Darkfost.

The level of withdrawals is now greater than seen during the last bear market, raising new concerns about liquidity and demand across the sector.

Altcoins Are Struggling

In a post on X, Darkfost noted that pressure on altcoins has risen to the heaviest levels in the current cycle, with more than 40% of them nearing lows compared to about 38% at the height of the last bear market.

According to the analyst, the combination of macroeconomic stress and structural issues within the crypto market caused weakness. Ongoing political tensions in the Middle East and the resulting volatility in traditional markets have also put significant pressure on risk assets, including cryptocurrencies.

At the same time, Darkfost suspects an increasing number of tokens in the market, which are estimated at more than 47 million, including 22 million in Solana, more than 18 million in Base, and about 4 million in BNB Smart Chain. According to them, that expansion led to a reduction in capital, as it had to be spread over a wider set of assets, leaving smaller tokens with little, if any, trading activity and weak price support.

Darkfost’s analysis shows that one analyst Wise Crypto, who previously pointed out that the total market cap for altcoins fell below $ 1 trillion, and like Ethereum (ETH) slipped below $ 2,000 time, Solana fell about 12% within a period of two days, and several “high-beta” records “high-beta”.

“A few producers are green, but the broader trend is clear: buying is coming out of the altcoin market,” Crypto wise said at the time.

Emotions are also down. The Crypto Fear and Greed Index stands at 8, indicating “great fear.” The metric has remained in that position for nearly two months, with a period that coincided with declining participation and lower conviction among traders.

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This situation has led to a limited recovery so far, with ETH, the largest altcoin on the market, rising by almost 3% in the last 24 hours to put its price above the level of $ 2,000, while SOL has gained more than 2% in the same period, although it spends the same percentage within 7 days. The likes of Jupiter (JUP), Zcash (ZEC), and Shiba Inu (SHIB) registered the best performance on the day, with gains between 8% and 6%. Bitcoin Cash (BCH), Kaspa (KAS), and Hyperliquid (HYPE) were on the other side of the spectrum, sinking 6%, 5%, and 4%, respectively.

What May Come Next

Although Darkfots stopped short of doing so, they noted that in the past, such terrible scales of inefficiency, as we see now, created opportunities for investors to identify strong projects among the risks. That view is similar to the previous take of the analytics company Santiment, whose experts suggest that Bitcoin, and by extension the broader market, tends to move against the crowd when fear reaches high levels.

But as things stand, the big calendar could add some turbulence before any stability, especially considering that there are many US economic events coming up, including the March Jobs report and Fed Reserve Chairman Jerome Powell’s speech. Both have moved crypto prices in the past, and with sentiment down and altcoins under unprecedented pressure this cycle, market participants will be watching closely this coming week.