Crypto Quant data cited by market analyst IT Tech points to sustained net selling in altcoins excluding Bitcoin and Ethereum, with no clear rebound in pressure or confirmed market bottom.
Altcoin spot-market buying relative to selling has fallen to a near five-year low after more than 15 months of persistent net distribution, highlighting continued weakness in demand across the sector. Market analyst IT Tech, citing Crypto Quant data on July 3, said the cumulative buy-sell volume difference for altcoins excluding Bitcoin and Ethereum has remained in net selling since a local high in early 2025, with almost no meaningful easing in pressure. The extended imbalance suggests sellers have continued to dominate the market and that a clear bottom has yet to form, leaving any broader recovery dependent on renewed buyer demand.