38% of all altcoins near all time low, worse than during the FTX crash
Last Updated on 3 March 2026 by CryptoTips.eu
Nearly four out of ten altcoins are trading near their all time low, a percentage that is worse than during the collapse of FTX. This is evident from data by Darkfost, showing that 38.8% of all altcoins are hovering around their lowest point. Meanwhile, Bitcoin is holding above $65,000 and forming a higher low. Analyst Michaël van de Poppe expects the price to move toward $75,000 to $80,000 in March after a period of consolidation.
Largest altcoin bloodbath of this cycle
The chart paints an alarming picture. The percentage of altcoins trading near their all time low has risen to 38.8%. That is higher than during the FTX crash at the end of 2022, a period that until now was considered the bottom of the bear market. Coin Bureau calls it the largest altcoin wipeout of this cycle.
🚨 38% OF ALTCOINS ARE NEAR ALL-TIME LOWS, WORSE THAN FTX COLLAPSE!
— Coin Bureau (@coinbureau) March 3, 2026
Nearly 4 out of 10 altcoins are trading near their ALL-TIME LOW — that’s worse than when FTX collapsed.
This is the BIGGEST ALTCOIN WIPEOUT of this cycle. pic.twitter.com/w7B6sNY48y
What the chart also shows is how this percentage compares to the Bitcoin price. During previous moments when a similarly high percentage of altcoins traded near their lows, Bitcoin was significantly lower than it is now. In January 2023, when the percentage reached comparable levels, Bitcoin was trading around $16,000 to $20,000. Now the price is around $65,700. That difference highlights how extreme the damage to altcoins is compared to Bitcoin, and how Bitcoin dominance has strengthened in recent months at the expense of the rest of the market.
Bitcoin forms higher low above $65,000
The technical outlook for Bitcoin itself is considerably more constructive than that of altcoins. The 12 hour chart on TradingView shows that the price is forming a higher low above the support level of $65,117. After dropping from above $100,000 to the $65,000 area, Bitcoin is now consolidating in a range with resistance around $74,505.
Van de Poppe points out that Bitcoin made a strong move yesterday by holding above $65,000 and rallying toward the range resistance. He expects several days of consolidation before an upward breakout becomes likely. The fact that this range has been building for some time suggests, according to him, that the breakout could be powerful when it occurs. His price target for March is between $75,000 and $80,000.
What altcoin capitulation means for the market
Historically, extreme levels of altcoin capitulation often mark the end of a downward phase, not the beginning. When nearly four out of ten tokens approach their lows, it suggests that selling pressure is largely exhausted. Those who wanted to sell have already done so. At the same time, it serves as a warning: many altcoins that hit their all time low never fully recover. The tokens that survive and rebound are usually projects with strong fundamentals and active development teams.
For the broader market, the combination of extreme altcoin weakness and a Bitcoin that is forming a higher low is a pattern that in previous cycles preceded a recovery move. If Bitcoin indeed moves toward $75,000 to $80,000 in March, that could be the starting signal for a selective altcoin recovery, where the strongest projects rebound the fastest.
