As Bitcoin Sinks 24% in November, Altcoins Rise Against the Trend
Jakarta, Pintu News – The month of November, which is usually one of the most bullish periods of the year, saw a sharp decline in the price of Bitcoin .
However, amidst this chaos, altcoins are showing unexpected behavior. Renowned analyst, Bull Theory, states that altcoins are not plummeting along with Bitcoin – on the contrary, they appear stronger and more stable. This rare behavior could be an early sign that the market is preparing to enter a new phase.
Altcoins Survive, as Bitcoin Bleeds
Bull Theory’s crypto analysts highlighted a major change that took place quietly on the chart. While Bitcoin fell by more than 24% throughout November, the ALT/BTC ratio rose by almost 9.5%.
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Normally, when Bitcoin experiences a drop of this magnitude, altcoins would take a deeper hit. But this time was different – altcoins held their ground and didn’t experience a sharp correction.
According to the analyst, this kind of situation usually only occurs after a large wave of altcoin selling pressure has subsided – where the majority of investors have sold their holdings, minimizing selling pressure.
The ALT/BTC chart supports this view, showing that altcoins experienced major selling pressure in October, but since early November have slowly started to rally, even as Bitcoin prices continued to slide.
60% of Trading Volume on Binance is Now Dominated by Altcoins
Supporting this view, CryptoQuant analyst Maartunn highlighted a major shift in trading activity on Binance. He noted that altcoins now account for around 60% of total trading volume, the highest figure since early 2025.
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In comparison, Bitcoin and Ethereum combined account for only about 20% of the overall volume. This kind of volume-sharing pattern usually emerges when traders start to become more active and willing to take more risks.
Bitcoin hits the worst oversold level in years
While altcoins showed surprising resilience, Bitcoin recorded its worst oversold levels in years. The daily RSI (Relative Strength Index) indicator fell to its lowest point in two years, while the weekly RSI returned to levels last seen in January 2023.
In addition, the daily MACD indicator is now at a historic low. This kind of technical signal generally appears when a major downward phase is nearing its end – not when a new downward trend is about to begin.
In other words, it could be a sign that Bitcoin may soon find a short-term bottom. Currently, Bitcoin price is trading at around $83,953, reflecting a 2.5% gain in the last 24 hours.
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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:
- Coinpedia. Altcoins Hold Strong as Bitcoin Falls 24% in November. Accessed on November 24, 2025
