Nearly 40% of altcoins are now trading near their ALL-TIME LOWS. That is the highest level in more than 5 years. The chart shows the percentage of alts near ATL has surged to ~39%, levels historically seen during deep market stress. Meanwhile, $BTC is still trading far above its cycle lows. This means the altcoin market has been bleeding much harder than BTC. And if the bear phase is not over yet, this percentage could still rise further.