logo
  • menu
  • Markets
  • ETFs
  • Live
  • Spot
  • Futures
  • Bots
  • Learn
  • Sign In
  • Sign Up
  • Downloads
  • English
  • |
  • USD
  • |
Sign Up
Crypto PricesLearnLatest NewsDownloadsMarketsSpotAnnouncements
Home/
Latest News/
Live

Altcoin Carnage Ahead? 99% Could Be Wiped Out, Analyst Says

By Bitcoinist
Apr 21, 2026
4.3 
★
★
★
★
★
★
★
★
★
★
 238 User Rating
Share

Bitcoin’s dominance hovering around 57% has become a quiet alarm bell for traders watching the broader crypto and altcoin market in general — and for good reason.

Bears And Bulls Divided Over Altcoin Timing

Crypto analyst Michael van de Poppe believes a brutal clearing out is coming for the altcoin market, but he does not see it as a collapse. He sees it as cleanup.

He draws a parallel to the early internet era, when hundreds of companies launched, burned through investor money, and vanished. What remained built the modern web.

Despite that stark forecast, van de Poppe says he has rarely been more optimistic about where crypto is heading. Reports indicate he described this as one of the most bullish periods he has seen for the asset class overall, even as most individual tokens face extinction.

However, during that bubble phase, there’s a lot of money made and coming out of the bubble phase, there’s…

Arbitrum Flagged As A Buy-The-Dip Opportunity

Van de Poppe is equally tracking Arbitrum. According to accounts of his latest analysis, there could be a possibility of buying the token when it falls to the $0.16 mark.

Currently, the analyst sees a similarity in the market with what happened during the early months of 2020. The characteristics include increased trading volumes, reclamation of critical price marks, and technical indications before a breakout.

Not Everyone Is Buying The Optimism

Analyst group Our Crypto Talk says the market has not yet earned a bullish call. Their framework requires price to move above the 20-day simple moving average, and for that average to cross above the 50-day.

Neither condition has been met. With Bitcoin still trading below those averages and dominance sitting at 57%, they call this a red zone — a period where markets are more likely to bleed than rally.

Is it the right time to buy Altcoins?

The simple answer is “NO”

Because there is no Altseason right now

You just need 2 conditions on this chart to confirm

Price > 20 SMA 20 SMA > 50 SMA

Bitcoin’s Basing Phase Could Signal What Comes Next

Other analysts flagged rising Bitcoin dominance as a warning sign for altcoins. When Bitcoin’s share of the total market climbs, it typically means money is flowing into Bitcoin and out of smaller tokens — a pattern that has historically preceded extended weakness across the altcoin space.

Van de Poppe, for his part, acknowledges the market is still building a base following the Q4 2025 selloff. That basing phase, he estimates, typically runs two to four months before a breakout takes hold.

Bitcoin has been consolidating for roughly two and a half months, which he says puts the market close to a potential turning point.

Featured image from Unsplash, chart from TradingView

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

Latest News

Industry

Cryptocurrency

Airdrop

Markets

  • Brazil’s CVM Launches 60-Day Sprint to Tokenize Securities

    Brazil’s CVM Launches 60-Day Sprint to Tokenize Securities

    The Brazilian Securities and Exchange Commission (CVM) has officially established a dedicated task force to develop an experimental regulatory framework for tokenized securities, providing a fast-tracked timeline for the digital capital market.
    Martha Grizzard
    Jul 21, 2026
  • Hyperliquid Enables Permissionless Markets With HIP-4 Plan

    Hyperliquid Enables Permissionless Markets With HIP-4 Plan

    Hyperliquid has announced a forthcoming enhancement to its HIP-4 upgrade that will allow for the permissionless deployment of decentralized prediction markets.
    Christopher Smith
    Jul 21, 2026
  • DTCC Launches Live Tokenized Asset Trading for Wall Street

    DTCC Launches Live Tokenized Asset Trading for Wall Street

    The DTCC successfully transitioned from pilot testing to live production trades on July 15, 2026, marking the largest-scale institutional tokenization initiative to date.
    Cornell Rachel
    Jul 16, 2026
  • South Korea Updates Asset Law to Include Cryptocurrency

    South Korea Updates Asset Law to Include Cryptocurrency

    The South Korean Ministry of Economy and Finance announced a transition from the 1950 State Property Act to a new National Asset Basic Act to better reflect modern digital resources.
    Martha Grizzard
    Jul 16, 2026
  • New SEC Crypto Rule to Cut Red Tape for Startup Fundraising

    New SEC Crypto Rule to Cut Red Tape for Startup Fundraising

    The U.S. Securities and Exchange Commission plans to introduce a major regulatory framework this month to simplify capital formation and reduce operational hurdles for cryptocurrency businesses.
    Martha Grizzard
    Jul 8, 2026
View more data 
BTCBTC(BTC)
$0
--(Last 24h)
SpotFutures

Top

View more
  1. 1S&P 500 Reclaims 200-Day Moving Average, Bitcoin Gains
  2. 2Trump Softens His Stance on Reciprocal Tariffs, US Stocks and Crypto Markets Rise
  3. 3Vitalik Buterin : The current price of ETH has not been affected by the merger event
  4. 4Vibhu Norby : Solana Spaces store to bring 100K people to Solana per month
  5. 5CZ: compared with the record high nine months ago, the current situation of the industry is much better

Top Gainers

View more
Unipeg
UnipegUPEG

$703.590

+61.53%
Bless
BlessBLESS

$0.0190

+43.16%
OVERTAKE
OVERTAKETAKE

$0.0372

+30.65%
Portal To Bitcoin
Portal To BitcoinPTB

$0.000903

+27.26%
Biconomy
BiconomyBICO

$0.0144

+21.30%

Top Trending

View more
SK Hynix
SK HynixSKHYB

$144.100

-2.86%
Sandisk
SandiskSNDK

$1,243.33

+0.13%
Enso
EnsoENSO

$0.9450

+2.05%
Hyperliquid
HyperliquidHYPE

$52.4420

+0.36%
COTI
COTICOTI

$0.0120

-12.58%

Recently added

View more
Grvt
GrvtGRVT

$0.2776

+7.09%
Direxion Semiconductor Bear 3X ETF
Direxion Semiconductor Bear 3X ETFSOXSB

$52.8900

+2.96%
VanEck Semiconductor ETF
VanEck Semiconductor ETFSMHB

$546.950

-0.58%
PayPal
PayPalPYPLB

$57.5500

+0.47%
Goldman Sachs
Goldman SachsGSB

$1,032.57

+2.44%

Learn

View more
  1. 1What Are ARC-20 Tokens? How Do ARC-20 Tokens Work?
  2. 2What Is the Usual Protocol? How Does Its Tokenomics Work?
  3. 3What Are AI Agent Frameworks? How Do They Power Cryptocurrency?
  4. 4What Is JPYSC? How Japan’s Regulated Stablecoin Works
  5. 5Are AI Agents Safe for Crypto? How to Secure Your Assets
About Us
  • About BitKan
  • Contact Us
  • Announcements
  • VIP Program
  • BitKan Ambassador
  • Institutional Services
Products
  • Spot
  • Futures
  • Crypto Prices
  • Learn
  • News
  • Markets
  • How to Buy Crypto
  • BTC to USD Calculator
  • Reward
Help
  • Help Center
  • Email Us
  • Live Chat
  • Download APP
  • Listing Application
  • Buy Bitcoin
  • Buy Ethereum
  • Buy Dogecoin
  • Buy Altcoins
Terms
  • Terms of Use
  • Privacy Policy
  • Trading Rules
  • Fee
K-Site
English
About Us
+
  • About BitKan
  • Contact Us
  • Announcements
  • VIP Program
  • BitKan Ambassador
  • Institutional Services
Products
+
  • Spot
  • Futures
  • Crypto Prices
  • Learn
  • News
  • Markets
  • How to Buy Crypto
  • BTC to USD Calculator
  • Reward
Help
+
  • Help Center
  • Email Us
  • Live Chat
  • Download APP
  • Listing Application
  • Buy Bitcoin
  • Buy Ethereum
  • Buy Dogecoin
  • Buy Altcoins
Terms
+
  • Terms of Use
  • Privacy Policy
  • Trading Rules
  • Fee
K-Site
+
  • Twitter
  • Facebook
  • Telegram
  • YouTube
  • Instagram
  • Medium
  • Linkedin
@2012-2026 BITKAN.com