Altcoins are Falling! Could November be the Turning Point?

Jakarta, Pintu News – With more altcoins dropping by up to 60% than registering gains, it seems that most capital is still strongly flowing into Bitcoin (BTC).

Can November turn things around? It could. Right now the market is in a low sentiment zone which, in the previous 90% of cases, signaled a local bottom – this could be the beginning of the next asset rotation.

Altcoins are depressed, but the situation could change soon. Market sentiment continues to decline, while some key projects are starting to show strong momentum. Will November be a big surprise for all?

Altcoins Still Under Pressure from Bitcoin’s Dominance

Read also: Top Analysts Reveal Key Reasons Why Crypto Market Hasn’t Recovered Yet

In the last 60 days, altcoins have come under immense pressure. The Altcoin Season Index shows that we are still deep into “Bitcoin Season” – a sign that capital flows are still heavily skewed towards BTC over other cryptocurrencies.

Data from Arkham also reinforces this – more altcoins are currently down more than 60% in the past year, compared to altcoins that have recorded gains. But interestingly, this is often the turning point for altcoins.

This pattern is nothing new – more often than not, liquidity eventually turns. And November is often the start of a weakening of Bitcoin’s dominance.

It could be that altcoins will start to “take a breath” again and rise to the surface.

There is no other way but up

Bitcoin’s dominance is currently at around 60.6%. At first glance, this suggests that altcoins are still very much overlooked. But here’s where it gets interesting. Currently, the market is in its deepest “orange/red” zone since April – a region that in more than 90% of cases previously marked a local bottom.

Altcoins may look weak right now, but it’s extreme sentiment like this that is often the start of a change in direction. The moment when money starts coming back in, not going out.

Read also: Ethereum Price Plunges to $3,200 Today: Large ETF Outflows Add to Selling Pressure

The Rotation Not Much Talked About

And here’s the common thread: while altcoins remain depressed and market sentiment remains sluggish, there’s one sector that has shown consistent improvement – privacy-layer development.

Currently, Starknet (STRK) is leading in the last 30 days of development activity, followed by zkSync (ZK) and Worldcoin (WLD).

In addition, projects such as Nym (NYM), Shapeshift (FOX), Oasis Protocol (ROSE), and ZCash (ZEC) also continue to build seriously, despite their token prices taking a considerable dip.

History shows that capital usually flows first to sectors that show early signs of growth. And it could be that this group of projects is the first to show signs of life amidst the sluggish altcoin market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• AMB Crypto. Altcoins are getting killed, but will they flip green in November? Accessed on November 5, 2025