๐๏ธ Altcoins outperform BTC as 70% climb back above their 200-day average
Altcoin momentum is surging those days.
Total3, which represents altcoin market cap excluding ETH, has just moved back above the $800B threshold, a level not seen in over 8 months. This move structurally breaks above May's high, backed by a strong daily close.
This comes as bitcoin:native remains stuck in a range between $75 600 and $82 000. Volumes are therefore naturally rotating more toward altcoins, with dominance at 53% on Binance.
This setup, now in place for several weeks, is pushing altcoin performance to levels last seen in October 2025, at the market peak.
On Binance, 70% of altcoins have moved back above their 200-dma (day moving average), a key level closely watched by investors to confirm a trend.
This follows a long bear market during which altcoins as a whole sat 65% to 85% below this average for nearly a year.
So a very positive dynamic is taking hold in the altcoin sector, which appears to be outperforming BTC for now. But be careful, this kind of development can shift quickly, so caution remains warranted.