Altcoin spot trading volumes across centralized cryptocurrency exchanges have plummeted to their lowest levels since October 2025. Data from CryptoQuant showed that this decline is driven by a broader market pivot toward Bitcoin amid lingering economic uncertainty. ‘Altcoin Season’ Hopes Fade as Capital Rotates Back to Bitcoin Last October, a major market contraction and severe liquidation event erased more than $19 billion in market value. Since then, investor appetite for alternative cryptocurrencies has largely evaporated