
Altcoin Exchange Flows Dip Below $1.6 Billion – History Indicates an Upcoming Rally
The crypto market has been plagued by relentless volatility and protracted periods of selling pressure, leading many investors to question when the anticipated altseason will finally arrive. Since late last year, experts have been closely monitoring signs of a broader recovery across the altcoin space, but momentum has remained muted as capital primarily rotated into Bitcoin and select large-cap tokens.
However, new on-chain data from CryptoQuant offers a potential shift in sentiment. As of June 27, the average monthly exchange flow for altcoins dipped below $1.6 billion, a significant decrease from the annual average of $2.5 billion. Historically, such declines in exchange flows have coincided with phases of asset consolidation and accumulation, often preceding large upward moves. This suggests that investors might be quietly positioning themselves for the next major altcoin rally, building exposure as prices stabilize and volatility compresses.
While macroeconomic uncertainty and geopolitical risks continue to weigh on market sentiment, the underlying trend of declining exchange flows may be signaling a brewing shift in market dynamics.
Source: bitcoinist.com