Data from Santiment show a sharp decline in retail investor interest in cryptocurrencies, which often accompanies market bottoms. CryptoQuant reports the stablecoin-to-Bitcoin ratio on Binance reached 1.008, the lowest level since 2018, suggesting liquidity is concentrated.

Retail attention and on-chain signals

Santiment’s metrics indicate reduced discussion volumes across key topics, reflecting diminished retail engagement and fewer speculative conversations online. Such contractions in attention historically appear around troughs, as selling interest wanes and opportunistic capital stabilizes price action.

Stablecoins on exchange reserves

CryptoQuant’s ratio indicates that stablecoins now outweigh Bitcoin balances on Binance, implying available liquidity for sizable buy orders. A dominance of stablecoins in exchange reserves can facilitate rapid accumulation should market participants decide to deploy capital aggressively.

Altcoin liquidity and capital flows

Ki Young Ju warns that altcoins are suffering from a liquidity shortage, limiting price recoveries for many smaller tokens. He suggests that projects capable of attracting new investment through ETFs or decentralized finance instruments have a clearer path to regain momentum.

Conversely, tokens lacking fresh inflows face prolonged consolidation until macro or on-chain conditions change materially.

Declining retail interest combined with large stablecoin reserves on Binance could signal bottom formation, even as altcoin liquidity remains uneven. Market observers will monitor on-chain indicators and exchange order books to assess whether available liquidity translates into buying pressure.