CryptoQuant analyst IT Tech said in a June 2026 Quicktake that altcoin sell pressure on spot exchanges has reached a five-year extreme. WuBlockchain also cited the analysis, saying net selling across altcoins has continued for 15 consecutive months.
CryptoQuant Analyst: Altcoin Spot Sell Pressure Reaches Five-Year Extreme
According to CryptoQuant analyst IT Tech, altcoin sell pressure on spot exchanges has reached a five-year extreme, with the spot market seeing 15 consecutive months of net selling. The cumulative buy/sell… pic.twitter.com/kLcuHSRMx1
— Wu Blockchain (@WuBlockchain) June 17, 2026
The signal affects traders tracking altcoins outside Bitcoin and Ethereum, where the cumulative buy/sell volume indicator has moved to its most negative level since tracking began in 2020. The shift is striking because the same metric was near neutral in early 2025 before turning sharply negative again.
The next point to watch is whether spot demand returns or selling keeps deepening across centralized exchanges. For now, CryptoQuant’s reading marks a historic pressure signal, not confirmation of a market bottom or a guaranteed rebound.
Source: CryptoQuant and WuBlockchain.
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