altcoin

CryptoQuant analyst Darkfost stated that after a significant pullback, Bitcoin is currently consolidating in the range of $72,000 to $65,000. This range is active with a large number of whales, long-term holders, and even institutional investors. During deep pullbacks or the later stages of a bear market, investors typically rotate funds back into Bitcoin while reducing their allocation to altcoins. In this round of pullback, the impact on altcoin trading volume has been the most pronounced. Compared to the high of 59.2% of Binance's total trading volume in November, its share has dropped to 33.6% on February 13, with trading activity nearly reduced by 50%. This pattern has also appeared in previous pullback phases, including around April 2025, August 2024, and near the end of the bear market in October 2022. During periods of market uncertainty and rising pressure, Bitcoin's trading volume share tends to increase. In such an environment, investors naturally tend to flow back into BTC, further reinforcing its position as a safe haven for funds and the core benchmark asset of the market.

According to HyperInsight monitoring, "Brother Ma Ji" Huang Licheng sold some ETH and altcoins from his wallet, and then increased his holdings of BTC, ETH, and HYPE on Hyperliquid.The current specific holdings are as follows:25x long 6,200 ETH, opening price $2006.88, liquidation price $1847.69;40x long 25 BTC, opening price $68,645.90, liquidation price $33,872.44;10x long 55,000 HYPE, opening price $31.09, liquidation price $14.44.

According to statistics from crypto VC Delphi Digital, 97% of altcoins have been in a downtrend since January 2025, with an average decline of 78%. Among the 121 altcoins tracked by the agency, only three tokens, HYPE, SYRUP, and BCH, have maintained an upward trend.

DWF Labs founder Andrei Grachev stated, "I believe the crypto market is now close to the bottom, with Bitcoin prices possibly experiencing around 15% volatility. This does not mean that there can only be upward movement afterwards, but it will drive more funds into the market. Although professional investors are still deploying capital, especially into RWA (real-world assets) and projects with large-scale and bold visions, there is almost no capital inflow from direct market purchases.In my view, making a new project popular and attracting attention is much easier than reviving and promoting old projects. This is also why I believe that most altcoins will rise after this bear market, except for those that truly have real business and business development—these will naturally be driven up by the overall market's future growth.Retail-driven trading volume, or what you might call foolish trading, is currently mainly flowing into PumpFun, with some going to Polymarket, but the world will not change because of this. When the market starts to recover and coin prices begin to rise, these people will follow suit, buying what whales are currently buying, as well as the new tokens I mentioned earlier. Behind the scenes, merger and acquisition activity is very active, with many projects and companies being acquired, some of which are planning to go public with at least some revenue. Because the long-term growth of the crypto industry is not in question, it's just a matter of time; the issue is survival rate."

According to Coinglass data, after another dip in the cryptocurrency market today, the funding rates indicate that the current market remains broadly bearish, with bearish sentiment towards BTC and ETH even stronger than that towards altcoins. Currently, the funding rates for BTC and ETH contracts on almost all platforms are negative, while the rates for altcoins, although still bearish, are mostly positive. The specific funding rates are shown in the attached image.Funding rates are the fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, typically applicable to perpetual contracts. It serves as a mechanism for the exchange of funds between long and short traders; the trading platform does not charge this fee, which is used to adjust the cost or profit of traders holding contracts to keep the contract prices close to the prices of the underlying assets. When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.

According to OnchainLens monitoring, a newly created wallet address deposited 2 million USDC into HyperLiquid and simultaneously opened multiple short positions:SOL, ETH: 20x leverage short;HYPE, SUI: 10x leverage short;TAO: 5x leverage short.

According to Coinglass data, Bitcoin's attempt to reach $90,000 has been thwarted, currently reported at $89,627. The funding rates on mainstream CEX and DEX platforms indicate a slight easing of the bearish sentiment towards BTC and SOL, with some trading platforms returning to neutral rates. However, a large-scale bearish sentiment towards altcoins still exists, with specific funding rates for mainstream coins shown in the attached image.Note: Funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, typically applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and trading platforms do not charge this fee; it is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.

Trader Eugene Ng Ah Sio posted on his personal channel, stating, "Most altcoin long positions have exited------although it hasn't reached the excess returns I expected, I'll take the profits I can get for now. The core Bitcoin long positions are still held, but I have significantly converted back to cash, waiting for the next opportunity to position."

Zhao Changpeng stated in a Chinese AMA that the scope of altcoins is worth discussing. The market has cycles, and in the future, public chains and coins with real-world applications will develop. Therefore, there will definitely be an altcoin season, but the scope and magnitude remain to be observed.

Grayscale officially released a report listing its "Alternative Asset List for Potential Inclusion in Grayscale Investment Products" for Q1 2026, which includes:Smart Contract Platforms: Aptos (APT), Arbitrum (ARB), Binance Coin (BNB), Celo (CELO), Mantle (MNT), MegaETH, Monad (MON), Polkadot (DOT), Toncoin (TON), Tron (TRX);Finance: Ethena (ENA), Euler (EUL), Hyperliquid (HYPE), Jupiter (JUP), Kamino Finance (KMNO), Lombard (BARD), Maple Finance (SYRUP), Morpho (MORPHO), Pendle (PENDLE), Plume Network (PLUME), Sky (SKY);Consumer and Culture: ARIA Protocol (ARIAIP), Bonk (BONK), Playtron;AI: Flock (FLOCK), Grass (GRASS), Kaito (KAITO), Nous Research, Poseidon, Virtuals Protocol (VIRTUAL), Worldcoin (WLD);Public Utilities and Services: DoubleZero (2Z), Geodnet (GEOD), Jito (JTO), Layer Zero (ZRO), Wormhole (W).Grayscale stated that this list includes digital assets that are not currently part of Grayscale investment products but have been identified by the team as potential targets for future products.

The asset management company Grayscale has updated a list of assets under consideration for future investment products, as well as a list of existing assets. The "Assets Under Consideration" section lists digital assets that are not currently included in Grayscale's investment products, but which their team has identified as potential candidates for inclusion in future products.The list adds 36 new altcoins, with candidate companies covering five major areas: smart contracts, finance, consumer and culture, artificial intelligence, and utilities and services. Among these, the number of assets in the smart contract platform and finance sectors is the largest.However, inclusion in this list does not guarantee that the assets will be included in the investment scope; it merely indicates that Grayscale is actively evaluating these assets.

According to Hyperinsight monitoring, a previous "8 million dollars long on 11 altcoins" whale address once increased its position to a maximum of 17 altcoin long positions, with a maximum floating profit exceeding 3.3 million dollars. Currently, it has closed long positions in MON (profit of 400,000 dollars), PUMP (profit of 370,000 dollars), AIXBT (profit of 80,000 dollars), STABLE (profit of 140,000 dollars), FARTCOIN (loss of 3,800 dollars), and TRUMP (loss of 7,000 dollars).There are still 11 altcoin long positions remaining, with the total floating profit in the account narrowing to 1.04 million dollars.

According to Coinbob's popular address monitoring, the ZEC price briefly dropped by 6.4%, hitting a low of $449 before rebounding to around $465. During this fluctuation, the largest long whale on Hyperliquid (0x152) saw its position shift from profit to loss, and then decisively increased its position near $459, adding 2,486 ZEC (approximately $1.14 million) within 10 minutes. Over the past 20 hours, it has cumulatively increased its long position by 9,871 ZEC (approximately $4.54 million). Currently, this whale holds a 10x leveraged long position in ZEC, with a scale of about $12.35 million and an average price of $463.Additionally, Coinbob monitoring shows that the "largest short" whale in ZEC is still at a floating loss and has not adjusted its ZEC short position recently, with a current position size of about $17.48 million and an average price of $419, resulting in a floating loss of $1.64 million (47%). Meanwhile, the "altcoin short army leader" has been continuously increasing its ZEC short position over the past few hours, currently raising its ZEC short position size to $2.08 million and is still continuing to add to it.

According to Hyperinsight monitoring, the address 0xEa6...061EE has deposited 8 million USDC as collateral into Hyperliquid, and subsequently opened long positions in IP, XPL, STBL, MON, PUMP, GRIFFAIN, VVV, AIXBT, HEMI, MAVIA, and STABLE. Recently, it has added long positions in BTC, STBL, FARTCOIN, HYPE, TRUMP, and LIT. Currently, the total floating profit of long positions in this whale address has exceeded 3.35 million dollars: the floating profit for the BTC long position is 788,800 dollars, making it the largest floating profit position; the floating profit for the AIXBT long position is 1,200 dollars, making it the smallest floating profit position.

According to Hyperinsight monitoring, the address 0xEa6...061EE deposited 8 million USDC as margin to Hyperliquid on January 1, and then opened long positions in IP / XPL / STBL / MON / PUMP / GRIFFAIN / VVV / AIXBT / HEMI / MAVIA / STABLE, followed by adding long positions in BTC, STBL, FARTCOIN, HYPE, TRUMP, and LIT.Currently, the total unrealized profit of the long positions in this whale address has exceeded 2.76 million dollars: the unrealized profit of the BTC long position exceeds 670,000 dollars, making it the largest unrealized profit position; the HMSTR long position has an unrealized loss of 27,500 dollars, making it the largest unrealized loss position, and only this position is in a state of unrealized loss.

According to Hyperinsight monitoring, the "30-time long-suffering whale" has experienced a maximum drawdown of 1.29% in the past week. Today, it continues to increase its long positions in altcoins, with the current holdings as follows:5x leverage long position of 2.6 million USD in FET, average entry price of 0.2685 USD, floating profit of 178,000 USD;10x leverage long position of 1.24 million USD in SEI, average entry price of 0.1255 USD, floating loss of 13,000 USD;10x leverage long position of 1.93 million USD in FARTCOIN, average entry price of 0.3949 USD, floating loss of 41,000 USD.

According to on-chain analysts, a certain address (0xEa6...61EE) used $8 million in margin to go long on 11 altcoins and meme tokens, all of which are currently in profit, totaling a floating profit of $2.884 million. Among them, the long positions on IP and MON have a floating profit of about $520,000.

The Galaxy Digital research team released a 2026 forecast indicating that it is still possible for Bitcoin to reach an all-time high in 2026. The options market currently prices the possibility of around $70,000 or $130,000 by the end of June 2026 at roughly equal odds, and similarly for around $50,000 or $250,000 by the end of 2026. These broad ranges reflect uncertainty in the short term. There remains a downside risk in the short term until BTC firmly re-establishes itself above $100,000 to $105,000. However, it is expected that by the end of 2027, BTC will reach $250,000.Other parts of the forecast include: no Solana inflation reduction proposals will pass in 2026, and the current proposal SIMD-0411 will be withdrawn without a vote; the ratio of application revenue to network revenue will double; the SEC will face lawsuits from traditional market participants or industry organizations due to innovation exemptions; a major bank/brokerage will accept tokenized stocks as collateral; DEX will account for over 25% of total spot trading volume; Polymarket's weekly trading volume will continue to exceed $1.5 billion; the U.S. will launch over 50 spot altcoin ETFs, along with another 50 crypto ETFs (excluding spot single-coin products); net inflows into U.S. spot crypto ETFs will exceed $50 billion; and over 15 crypto companies will go public or upgrade their listings in the U.S.