Altcoin Market Lags Behind Bitcoin as Most Holders Remain in Losses
The altcoin market continues to struggle, with most holders still in losses. According to data from Glassnode and CryptoQuant, only 36 of the top 100 altcoins have holders sitting in profit.
This means that about 84% of Binance-listed altcoins are trading below their 200-day moving averages, indicating a prolonged period of underperformance.
The median mid-cap altcoin has declined approximately 74% over the two-year period ending September 2026. For context, if you invested $10,000 in a typical mid-cap altcoin two years ago, you'd be left with 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 since then.