News
  • Rizwan Ansari
    author-profile
    Rizwan Ansari right arrow
    Author

    Rizwan is an experienced Crypto journalist with almost half a decade of experience covering everything related to the growing crypto industry — from price analysis to blockchain disruption. During this period, he’s authored more than 3,000 news articles for Coinpedia News.

    • 2 minutes read

    Altcoins Hold Strong as Bitcoin Falls 24% in November 

    Story Highlights
    • Altcoins show unusual strength while Bitcoin drops sharply, creating a rare market behaviour this month.

    • ALT/BTC ratio rises nearly 9.5% in November, signalling clear altcoin seller exhaustion forming.

    • Binance trading shows 60% volume in altcoins, marking the highest activity since early 2025.

    November, typically one of the bullish months of the year, has been covered in red, as Bitcoin has fallen sharply.

    But in the middle of this chaos, altcoins are acting in a way no one expected. Well-known analyst Bull Theory says altcoins are not crashing with Bitcoin, they are actually holding up better. 

    This rare behaviour may be the first sign that the market is getting ready for a new phase.

    Altcoins Refuse to Collapse, While Bitcoin Bleeds

    Crypto analyst Bull Theory highlighted a major change occurring quietly on the charts. While Bitcoin has fallen more than 24% in November, the ALT/BTC ratio has increased by nearly 9.5%. 

    Normally, when Bitcoin falls this much, altcoins fall even harder. But this time, they are holding up instead of breaking down.

    According to the analyst, this typically occurs only after a strong wave of altcoin seller exhaustion, when most holders have already sold, leaving little selling pressure behind. 

    However, the ALT/BTC chart supports this view, showing that altcoins faced heavy selling in October, but from early November they slowly started to rise, even as Bitcoin continued to fall.

    altcoin bitcoin chart

    60% of Binance Volume Goes to Altcoins

    Backing this view, CryptoQuant analyst Maartunn pointed out a big shift in trading activity on Binance. He noted that altcoins now make up around 60% of all trading, the highest level seen since early 2025. 

    In comparison, Bitcoin and Ethereum together account for only about 20%.

    This kind of trading split has often appeared during periods when traders become more active and take more risks.

    Bitcoin Reaches Oversold Levels

    While altcoins are showing unexpected strength, Bitcoin is hitting some of its most oversold levels in years. The daily RSI has dropped to its lowest point in two years, and the weekly RSI is now back to where it was in January 2023.

    On top of that, the daily MACD is at its lowest reading ever recorded. These kinds of signals usually appear when a sell-off is close to ending, not when a new downtrend is just starting.

    These signs usually show up when a big fall is almost done, not when a new crash is starting. This means Bitcoin might be close to finding a short-term bottom soon.

    As of now, bitcoin is trading around $83,953, reflecting a jump of 2.5% seen in the last 24 hours. 

    Trust with CoinPedia:

    CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

    Investment Disclaimer:

    All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

    Sponsored and Advertisements:

    Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

    Show More

    Related Articles

    Back to top button