Alts Massacre: After $580 billion evaporated, Rebound signals emerge

2025-12-23 19:20:10

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[Crypto World] Alts have seen a fierce fall in this wave. From October last year to now, the entire sector's market capitalization has evaporated by over $580 billion, leaving only a $1.19 trillion market. The $19 billion liquidation event made quite a splash in the industry, but what hurts more is the subsequent performance—only 3% of the alts on a certain leading exchange can stand above their 200-day moving average, while the rest are basically struggling.

Interestingly, although the market sentiment is extremely fearful (the Fear and Greed Index is as high as 29), the seasonal index for alts has actually fallen to 17%. Historically, this position is usually a prelude to a rebound. The increase mainly flowed into narrative-driven varieties such as artificial intelligence and privacy coins, indicating that the market is still choosing to believe in certain stories.

The technical side also reveals some clues. The Bollinger Bands have narrowed close to the support level, and the volatility indicator shows obvious signs of accumulation. If this rebound really comes, theoretically it could push the total market capitalization to around $1.21 trillion. The key still lies in whether the subsequent market sentiment can really shift.

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MetaMaximalist

· 19h ago

ngl the whole altcoin bloodbath is just darwinian selection at work... most projects lack any genuine protocol sustainability anyway. but yeah, ai tokens and privacy plays showing resilience? that's where the real network effects are materializing. sentiment's cyclical though, newcomers always panic at the dip

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NotFinancialAdvice

· 19h ago

580 billion dollars just disappeared, it's really amazing... However, the AI coins and Privacy Coins still have some warmth, let's see if we can buy the dip and enter a position.

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ForkTongue

· 19h ago

580 billion dollars gone, how many people must have gotten liquidated... However, the AI coin sector is indeed quite interesting, the rebound probably depends on whether this wave can hold above.

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