小牛|Feb 18, 2026 09:28
IT Tech: Altcoin selling pressure just hit a five-year extreme level.
- Cumulative buy-sell spread (altcoins, excluding Bitcoin/Ethereum)
- $209 billion
- January 2025: Close to zero — the last time supply and demand were balanced
- Since then: $209 billion lost in 13 months. And it's only moving in this direction.
- BTC price at $68.8K, far below the all-time high of over $125K in October 2025.
Retail investors have exited the market. Smart money has pulled out. Institutional investors are staying away from alternative investments.
This isn’t just a dip; it’s 13 consecutive months of net selling on CEX spot markets.
- $209 billion doesn’t signal a bottom — it signals that buyers have left the building.
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