We are witnessing the second-largest drop in altcoins in the past two years.
The biggest drop occurred in the third and fourth quarters of 2022, triggered by the FTX crash, with a total drop of 37% in TOTAL3.
The current drop is 28.6%, which is larger than any drop since 2023.
If the worst happens, mainstream coins may fall another 30%, and a drop of more than 30% may face a complete collapse or temporary stagnation.