84% of Altcoins in ‘Total Underperformance’, Bitcoin Moving to $58K. Source: TechGaged / Shutterstock Altcoins have not seen their spring this last cycle and may not for a while longer, as more than 80% of them are underwater. At the same time, Bitcoin continues slipping lower. To be more precise, CryptoQuant analyst Darkfost found that 84% of altcoins are trading below their 200-day moving average. He opined that “altcoins are arguably the segment that has suffered most throughout this bear market.”