Analysis: 24% of Top 200 Cryptocurrencies Hit New One-Year Lows, Markets May See a Bottom

Deep Tide TechFlow - On 20 February, Real Vision analyst Jamie Coutts shared data showing that the market shuffle on 7 February brought the percentage of the top 200 tokens hitting new 365-day lows to 24%, the highest level since 5 August 2024 (28%), according to Cointelegraph.

Juan Pellicer, Analyst at IntoTheBlock, said that the recent market correction has led to a large number of liquidations (especially Solana) and the total market capitalisation of the crypto market has fallen to $3.13 trillion, suggesting that over-leveraged positions are being cleaned up and that the market may be in a position to capitulate. Given the tariff impact and AI valuations (influenced by DeepSeek), the bull market is likely to continue, and the current correction may be a pullback in some tokens rather than a broader downtrend.

Brickken CEO Edwin Mata further noted that the fandom coin craze is disrupting the market's liquidity allocation. Labyrinthine coins promoted by prominent individuals have led to a distortion in the flow of funds, diverting liquidity away from more established projects, a trend that has increased market volatility and made traditional patterns of market recovery less predictable.