Most altcoin holders remain in losses as market recovery lags behind Bitcoin

The altcoin market is stuck in a financial purgatory where the majority of token holders are watching their portfolios bleed red. According to data from Glassnode and CryptoQuant, just 36 of the top 100 altcoins currently have holders sitting in profit. Meanwhile, Bitcoin has risen roughly 28% over the past two years, making the divergence between BTC and the broader altcoin market feel less like a gap and more like a canyon. The numbers paint a grim picture About 84% of Binance-listed altcoins are trading below their 200-day moving averages. The median mid-cap altcoin has declined approximately 74% over the two-year period ending September 2026. For context, that means if you put $10,000 into a typical mid-cap altcoin two years ago, you’d be looking at roughly $2,600 today. This sustained underperformance trend traces back to an October 2025 liquidation event that triggered net outflows from altcoins. Those outflows haven’t meaningfully reversed. The altcoin market capitalization, excluding Bitcoin, took a steep hit during the first half of 2026 before managing partial rebounds. A faint signal, but not a green light Glassnode’s Altcoin Cycle Signal flipped to favor altcoins on Sep...