According to Michaël van de Poppe (@CryptoMichNL), the ongoing crash in altcoin prices is primarily driven by tightening liquidity, Bitcoin dominance surging, and reduced speculative trading volume in the altcoin sector. Van de Poppe cites that as Bitcoin consolidates and institutional investors focus heavily on BTC and major cryptocurrencies, capital outflows from smaller altcoins accelerate sell-offs. This creates significant short-term volatility for traders and increases liquidation risks across the crypto market. Trading strategies should focus on risk management and monitoring Bitcoin dominance indices for signs of altcoin recovery potential. Source: Twitter (@CryptoMichNL), May 8, 2025.

According to Crypto Rover, while most altcoins have plummeted by up to 98.5% from their peak values, Binance Coin (BNB) has shown resilience alongside Bitcoin, experiencing significantly smaller losses. This trend positions BNB as one of the stronger assets in the current volatile market, indicating potential trading opportunities for investors seeking stability amid widespread declines.

According to Michaël van de Poppe, the continuous decline in altcoin prices is attributed to several key factors, including declining market liquidity and increased regulatory pressures. Van de Poppe emphasizes the importance of monitoring Bitcoin dominance, trading volumes, and macroeconomic indicators as crucial factors influencing altcoin performance. Source: Michaël van de Poppe via Twitter.