Altcoins and tokens stall in October, underperforming 'Uptober' narrative

In October, only 8% of the top 100 broader crypto assets posted net gains, compared with 81% in September, as altcoins and tokens stalled. Market breadth, a measure of how widely gains are spread across assets, contracted, and selling dominated as traders moved liquidity toward more conservative assets. On average, altcoins and tokens lost 17% of their value in October; ETH fell 16.3%, BNB 8.4% and SOL 18.8%. The market had spent 406 days between altcoin seasons, and the October reversal followed improving breadth in the third quarter, showing how quickly trader sentiment shifted.