Daily altcoin trading volumes on Binance have dropped by 80% from their peak, now standing at $7.7 billion. This indicates a waning interest from investors, noted analyst Darkfost.
🗞️ Altcoin trading volumes collapse as investor interest fades
— Darkfost (@Darkfost_Coc) March 20, 2026
The analysis of altcoin trading volumes on Binance and other major exchanges highlights a clear loss of investor interest.
⚠️ Although the bear market is already well underway, altcoins continue to significantly… pic.twitter.com/D0epZzF5d2
On other major platforms, the total is around $18.8 billion. For comparison, during peaks in October and February 2025, Binance's volume reached $40-50 billion, while other exchanges ranged from $63 billion to $91 billion.
According to the expert, previous spikes in activity coincided with the formation of local cycle peaks—classic FOMO phases where well-prepared investors used the surge in demand as an exit for liquidity.
Binance's share of total altcoin trading volume is estimated at about 40%. Nearly every second dollar invested in coins flows through this exchange. However, the exchange's dominance has increased not due to market expansion, but rather due to overall market contraction and capital outflows from alternative platforms.
The current environment remains unfavorable for high-risk assets, largely due to geopolitical tensions affecting trader sentiment.
Historically, the most attractive entry opportunities arise during periods of minimal interest and apathy among most investors, the analyst concluded.
What’s Happening in the Market?
In the last 24 hours, Bitcoin's price has risen by 1.5% after falling below $70,000. At the time of writing, the leading cryptocurrency is trading around $71,200.
Ethereum's price has remained relatively unchanged, hovering near $2,200. Other top-10 altcoins by market capitalization have also shown little movement:
Analyst Crypto Dan from CryptoQuant speculated that the market has reached its bottom. He cited realized price and profit/loss metrics as evidence. According to him, Bitcoin is currently slightly above levels typical of past cycle lows.
Crypto Market — Now Is the Time to Prepare
— CryptoQuant.com (@cryptoquant_com) March 20, 2026
“Based on Realized Price and profit/loss metrics, Bitcoin is currently positioned slightly above the cycle lows seen in past market bottoms.” – By @DanCoinInvestor pic.twitter.com/DQQibBsqlp
“The market sentiment is clear: most have already left, interest has faded. A classic bear market. But now is not the time to give up. It’s time to prepare for the next growth phase,” he wrote.
Analysts at Glassnode have already noted the first signs of a bullish phase beginning. They stated that Bitcoin's price has entered a relatively "open" zone between $72,000 and $82,000, where resistance is minimal. This is particularly evident on the URPD chart, which shows coin accumulation levels.
If the current momentum continues, Bitcoin could move more freely within this range in the short term, experts believe.
However, they identified a return to profitability as a more reliable signal. The percentage of Bitcoins “in profit” has risen to 60%—a level typical of the early stages of recovery.
“Sustained growth above 75% would be a much stronger confirmation of early bullish conditions, while continued pullbacks from current levels would reinforce the narrative of recovery within a bear market,” noted Glassnode.
Growth Prospects Exist
A key test for the market is its ability to absorb current selling pressure. When Bitcoin rose above $74,000, short-term holders began actively taking profits, liquidating assets at a rate of $18.4 million per hour.
This behavior has been observed during previous unsuccessful rallies: investors sold during the rise, dampening upward momentum.
If Bitcoin can maintain support above $70,000, the chances of moving into the $78,000-82,000 corridor will increase, analysts emphasized.
Meanwhile, sales from long-term holders have slowed down, VanEck noted. Experts called this trend a “potentially constructive signal” for the market. They also mentioned that selling pressure from miners remains stable despite declining profitability.
Bitcoin volumes on miners' balances have been decreasing since fall 2023. Source: VanEck.
Additionally, analyst Crypto Patel identified potential for Bitcoin to rise to $80,000. He pointed out that this is indicated by the mass withdrawal of cryptocurrency from exchanges to cold wallets.