Over 38% of altcoins are now trading near their All-Time Lows (ATL).

Let that sink in.
Historically, when such a large percentage of the market sits this close to ATL levels, it often signals extreme capitulation — the phase where most participants lose interest, liquidity dries up, and sentiment reaches maximum pessimism.
But markets are cyclical.
In previous cycles, these periods didn’t mark the end of crypto…
they marked the beginning of accumulation opportunities.
While Bitcoin still holds strong compared to past bear phases, a large portion of the altcoin market is already priced as if the cycle is over.
The key question now:
Is this the final shakeout before the next expansion, or a signal that only a handful of projects will survive?
Smart money usually builds positions when attention disappears.
And right now, attention on altcoins is close to zero.
The next phase of the cycle often starts exactly there. 📉➡️📈
What do you think — capitulation or early accumulation? 👇