#95%山寨币跌破长期均线 Will there still be hope for altcoins in 2026?
According to research data from CoinGecko, the “Great Cleanup” of 2025 was unprecedented — over 11.56 million crypto projects declared dead throughout the year, accounting for 86.3% of failures in the past five years. In the fourth quarter alone, 7.7 million tokens went to zero.
On October 11, a “liquidation chain reaction” wiped out $19 billion in leveraged positions in a single day. The altcoin season index has been hovering around 25/100 for a long time, with token numbers skyrocketing and funds severely diluted. Institutional cap