‘Liquidity Is Disappearing’: Bitcoin’s Downturn Spells Doom For Altcoins, Analyst Warns

While some traders remain hopeful for an altcoin rally, crypto chart analyst Ali Martinez warns that current market conditions don’t favor it.

What Happened: In a detailed post on X on Feb. 22, Martinez laid out a harsh reality—altcoin season isn’t taking off.

That is not due to lack of potential, but because the conditions no longer align. Over 36 million tokens in existence have means the market is oversaturated, while liquidity is drying up.

Between January and April 2024 alone, over $25 billion worth of new tokens were unlocked, flooding the market with excess supply.

Capital inflows …

Full story available on Benzinga.com