Altcoin Bloodbath: Arkham Data Reveal Majority of Cryptos Are Losing Value
According to Arkham statistics, more cryptocurrencies have experienced a decline of 60% or more than those that have seen increases in the last 12 months. During that time, more than 300 cryptocurrency assets have decreased by 30% to 60%. Put differently, it’s possible that more than half of the altcoin market is currently experiencing difficulties. It isn’t shocking that these assets aren’t performing well. Indeed, following the spike fueled by the U.S. election in late 2024, the overall altcoin season index (ASI) rating fell in H1 2025.
ASI Drops from 90% to Neutral as Market Sentiment Wavers
The ASI fell to roughly 10% from almost 90%. This suggests that the altcoin boom reversed the profits from 2024. It was tariff disputes that fueled the gloomy trend. Nonetheless, there was another cryptocurrency boom in Q2 2025, which accelerated throughout the July–September timeframe. A better macro backdrop came next. Unfortunately, another U.S.-China tariff dispute and the October flash crash depressed sentiment. Despite the fact that the tariff problem has been resolved, risk-on appetite has been curbed by the flash crash losses. As a result, the ASI dropped to a neutral level after experiencing an altcoin season.
Crypto Market Hopes ETFs Will Spark Altcoin Growth
The market dominance of Bitcoin has been steadily increasing at about 60%. This indicates that there is still space for cryptocurrencies to expand. However, there is optimism that the enthusiasm surrounding ETFs might serve as a stimulant for other cryptocurrencies, including XRP and Solana. Specifically, during its first week, SOL’s ETF broke all previous records. Nevertheless, even though the Bitwise SOL ETF had record weekly inflows, SOL’s price kept consolidating between $180 and $200. In addition, XRP had struggled below $2.7 before a flurry of ETF approvals. Nonetheless, options data indicated neutral to bullish sentiment in the short run, similar to SOL.
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