Wu learned that, according to CryptoQuant data, the selling pressure of altcoins (excluding BTC and ETH) has reached the lowest level in many years. After their cumulative bid-ask volume difference hit a five-year extreme in June, it continued to fall. Since the interim peak in early 2025, selling pressure on altcoins has persisted, and no clear bottom has formed for 15 months.

BTC1.20%
ETH4.94%
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