Altcoin Alert: Spot selling pressure reaches a five-year high as institutional funds withdraw completely

On-chain data shows that the spot market for altcoins, excluding BTC and Ethereum, has seen net selling for 15 consecutive months, with the cumulative buy-sell difference reaching its deepest negative value since 2020 (about $209 billion–$266 billion). This is not a correction but a structural demand vacuum: 📉 Retail Exodus: Retail investors have exited on a large scale, making buying extremely thin. 🏦 Institutions Ignore: Funds are only focused on "digital blue chips" (BTC/ETH) via ETFs, with interest in altcoins nearly zero. ⚖️ Supply and Demand Collapse: There’s a sustained net inflow of exchange tokens—more selling than buying—putting pressure across SOL, XRP, ADA, and AVAX. Current market situation: ▪️ Bitcoin dominance remains at a high 56.5%–58%. ▪️ The altcoin season index hovers between 35–49 (well below the bull market threshold). ▪️ Even with recent BTC ETF volatility, capital is fleeing altcoins, deepening the liquidity crisis. 💡 Strategy: This isn’t the bottom; it’s a “flight to core” reshuffle. Allocate with caution, focus on core assets, and wait for on-chain demand confirmation.