New CryptoQuant data shows altcoins have seen 13 straight months of net spot selling on CEXs — the longest sustained sell pressure in years.
That suggests something structural may be happening:
• retail participation has faded
• institutions are concentrating in BTC/ETH
• capital is rotating into narrower narratives
• broad altcoin demand is weaker
So instead of a classic “[altseason](https://coinmarketcap.com/charts/altcoin-season-index/)”, the market looks more like selective rotation with persistent outflows across the wider altcoin space.
Interesting breakdown of the flows and market structure here:
[https://btcusa.com/altcoin-selling-pressure-hits-5-year-high-as-capital-rotates-out-of-crypto-risk/]()
Curious if people here see this as late-bear conditions or a longer-term shift in altcoin market dynamics.
