- Wrapping Ethereum and Solana prices into a tight range could replenish the current bearish momentum and cause a further breakdown of support.
- The $1.5 overhead offer could force $XRP The price continued its correction and reached the $1 support.
- The cumulative difference between buying and selling volumes fell to less than $209 billion, representing the deepest imbalance in five years.
The crypto market saw a slight decline during U.S. market hours on Wednesday, bringing its market capitalization to $2.31 trillion. Likewise, Bitcoin price plunged 1.15% to currently trade at $66,858. Additionally, on-chain data continues to put pressure on the altcoin market, leading to fragmented liquidity across thousands of tokens and the risk of a prolonged downtrend.
Altcoins Face $209 Billion Selling Imbalance as Market Demand Weakens
Data from CryptoQuant shows that there have been persistent net outflows for spot trading on centralized cryptocurrency exchanges other than Bitcoin and Ethereum. The cumulative difference between buy and sell quote volumes over the last year reached -$209 billion, which is the largest level in the last five years.
This indicator was roughly balanced around zero in January 2025, the most recent period in which supply and demand were balanced. Over the next 13 months, that number declined in one direction as sales steadily increased.
Bitcoin is currently trading at around $68,000, having fallen from a high of over $125,000 in October 2025. Trends in the data suggest less participation by smaller traders, a repositioning of more experienced participants, and less evidence of orchestrated large-volume purchases of these assets. This trend reflects the continuation of distribution on the spot market, without significant reversal.
The lack of pronounced institutional accumulation of altcoins weakens the sector’s dynamics overall, delaying the possibility of a widespread recovery or “altseason”.
Ethereum Price Risks Prolonged Correction Amid Inverted Pennant Pattern
Ethereum price has been oscillating in a tight range within two converging trendlines, indicating the formation of an inverse pennant pattern. The chart pattern is characterized by a strong downtrend, followed by a temporary consolidation to recover the exhausted bearish momentum.
Down 1.74% today, Ethereum price is challenging this trend’s lower trendline, signaling a potential breakout ahead. A bearish breakout with a 4-hour candle closing below $1,961 would accelerate the selling pressure and send the asset down another 17% to $1,623.
ETH/$USDT -1d Chart
The downward trend of the exponential moving averages (20, 50, 100 and 200) of the 4-hour candles shows that the medium-term trend is bearish.
Solana Price Coils Ahead of Its Next Key Breakdown
The 4-hour chart analysis of Solana shows that the coin’s price has fluctuated between $90.6 and $76.7 over the past two weeks. This consolidation follows a notable correction since early January 2026, suggesting an opportunity for sellers to replenish exhausted selling pressure.
GROUND/$USDT -1d Chart
If the bearish momentum persists, Solana price could plunge 5% to challenge the lower trendline at $76.7. A bearish break below this floor would strengthen sellers’ hold on this asset and push the price to $64, followed by $51.
$XRP Price revisits $1 support amid broader market weakness
Since the February low of $1.18, the $XRP The price has rebounded almost 28% to currently trade at $1.42. A broader analysis of the daily chart shows that this recovery has emerged from the support trendline of a bearish channel setup.
$XRP/$USDT -1d Chart
Recent history of this trend indicates that a reversal of the lower trendline could push the price towards the upper boundary of the channel, currently located at $1.84. However, with general market weakness and overhead offering near $1.5, the $XRP The risk of continued price correction has reached $1 again.
