Altcoins continue to face heavy pressure across the board after the historic crash that shook the crypto market on Friday. The sudden sell-off triggered the largest liquidation event in crypto history, wiping out billions in leveraged positions within minutes. Even established blue chips such as Chainlink (LINK) and Avalanche (AVAX) saw their prices plunge more than 60% before partially recovering over the weekend.
While prices have since stabilized at slightly higher levels, investor confidence remains fragile. The market is still reeling from the shock, and traders are cautious as volatility persists. According to top analyst Darkfost, the current market structure reflects deep disinterest and capitulation. He shared data showing that only 10% of altcoins listed on Binance are trading a