Analyst: 83% of altcoins enter bear market trend due to liquidity tightening According to a report by Golden Finance, CryptoQuant analyst Darkfost stated that performance analysis of altcoins shows that most investors currently holding these assets (excluding Bitcoin and stablecoins) are facing significant pressure, especially those who are still holding them. The market trend is still mainly driven by Bitcoin. Since reaching a historic high of $126000 (ATH) in October 2025, BTC has been in a downward trend. At present, the price is about 46% of the historical high, and the momentum is highly uncertain. The rising geopolitical tensions, especially the tense relationship between the United States and Iran, coupled with the Federal Reserve's release of more hawkish expectations and language in the latest FOMC meeting minutes, have made the current environment particularly challenging for high volatility assets such as altcoins. On the Binance platform, there is a large amount of altcoin trading available, with 83% of altcoins currently priced below their 50 week moving average, indicating a deeply established correction trend. Since the end of the bear market in 2023, a new record was set on February 7th: over 92% of Binance altcoins fell below this key technical support level. It is worth noting that the 50 week moving average is a commonly used long-term technical indicator in market analysis and is considered an important threshold for judging the overall trend of assets. By contrast, only 6% of Binance altcoins were below this level in March 2024, compared to 7% in December 2024, indicating a significant change in market structure. However, apart from the brief period mentioned above (lasting for several months), at least 50% of the altcoins were below this threshold before, which is clearly different from the previous cycle. This trend is partly due to the continued increase in supply of Zhongzhai coins in the broader cryptocurrency market, while overall liquidity remains limited. In this context, achieving excess returns requires a clear understanding of market structural changes, combined with rigorous asset screening and structured investment strategies.