Analyst: 38% of altcoin prices are close to historical lows

Jinse Finance reported that, according to CryptoQuant analyst Darkfost, it is currently estimated that 38% of altcoin prices are near their historical lows, which is even worse than the market crash following FTX. He stated that the current market is "unfavorable" for risk assets, with the cryptocurrency market bearing the brunt of this risk-off sentiment, adding: "By comparison, this indicator reached 35% in April 2025 and 37.8% after the FTX crash. This chart perfectly illustrates the current state of altcoins. Investors remain cautious, and interest in altcoins continues to decline." According to data from Santiment, mentions of altcoins on social media platforms have dropped to their lowest point in two years. Based on Google Trends data, global Google searches for altcoins have also fallen to their lowest point of the year, at only 4/100.