Ethereum (ETH) stays untouched as the altcoin market reaches its highest selling pressure in June, according to Cryptoquant data.
Record‑High Selling Pressure Across Altcoins
Cryptoquant reports that early June marked an all‑time peak in altcoin sell‑offs after a year of near‑exponential capitulation. The intensity of the current outflow exceeds the 2022 market crash and the following bear phase, signaling that investors no longer tolerate prolonged downturns. Retail participants have largely capitulated, driving legacy tokens and many VC‑backed projects into rapid decline.
Investor Sentiment and Altcoin Season Index
As of June 17, the Altcoin Season Index rests at 49 points, positioning itself in a neutral zone between Bitcoin (BTC) dominance and broader crypto interest. Only 36 of the top‑100 assets have posted net gains over the last three months, according to CoinMarketCap, highlighting a stark contraction in market breadth. Liquidity now clusters around a handful of platforms that generate measurable daily fees or show clear inflows.
Performance of Leading Altcoins
Excluding Ethereum, most legacy assets continue to suffer, while a small subset of newer tokens outperforms assets from previous cycles, as noted by Cryptopolitan. The lack of narrative‑driven rallies forces investors to focus on tangible on‑chain activity and fee generation. This shift underscores a broader realignment of blockchain capital toward projects that can demonstrate sustainable economic utility.