38% of Altcoins Near All-Time Lows: Altcoin Season Dying—or About to Explode？

TL;DR:

• Currently, nearly 4 out of 10 altcoins are facing their worst regression of the cycle, surpassing levels seen after the FTX collapse.
• The conflict between Israel and Iran has triggered massive liquidations of $300 million, severely affecting alternative assets.
• Analysts like Michaël van de Poppe suggest that Bitcoin could reach $80,000 in March despite the weakness in the rest of the market.

Currently, at least 38% of altcoins are at all-time lows, marking a concerning record of regression. Data from CryptoQuant reveals that this figure exceeds the 2022 crisis, highlighting a capital flight toward safe havens such as gold and AI infrastructure.

On the other hand, the pressure exerted by the conflict in West Asia has accelerated volatility, pushing Bitcointo test key support levels. In this context, altcoins bore the brunt of the liquidations, leaving some projects in a state of financial survival.

Divergence Between Bitcoin and the Alternative Asset Market

The scenario for altcoins is daunting; however, some experts see bullish accumulation signals that could shift the landscape. Michaël van de Poppe points out that Bitcoins consolidation above $65,000provides a solid foundation for a rally toward new highs.

Consequently, if the pioneer cryptocurrency breaks its current resistance, a liquidity rotation benefiting the rest of the assets is highly possible. Therefore, the extreme deterioration of current prices could be setting the stage for one of the strongest recoveries in recent history.

???? 38% of Altcoins Near ATL, worse than the post-FTX period

The overall environment remains unfavorable for risk-taking, and the first sector to bear the consequences is the cryptocurrency market, particularly altcoins.

At the moment, liquidity in the market remains fragile and… pic.twitter.com/jUrrzI8AHV

— Darkfost (@Darkfost_Coc) March 2, 2026

In summary, analyst Darkfost reminds us that the best opportunities often arise when conditions seem at their worst. The fate of the next “Altcoin Season” will depend on whether liquidity flows toward the survivors or continues to concentrate exclusively in Bitcoin.