🗞️The Altseason Is cooling fast as Altcoin breadth drops from over 90% to around 52% Between late August and early October, altcoins went through a brief altseason, which is now starting to fade. To measure these favorable periods, the number of altcoins trading above their 200-day moving average, a key technical level, is a good indicator. Over these two months, the share of Binance altcoins trading below their 200-dma fell from 81% to less than 10%. In other words, 9 out of 10 altcoins listed on Binance had entered a confirmed uptrend. This move was fueled by an inflow of more than $814 billion across all altcoins over the same period. Since then, the trend has lost momentum: 48.4% of Binance altcoins have fallen back below their 200-dma. The trend has therefore reversed for nearly one altcoin out of two on the platform. Over the last 15 days, more than $134 billion has left altcoins, an outflow likely driven in large part by quick profit-taking. Altcoins remain a sector where dynamics, like investor sentiment, shift very quickly. Yet history shows that it is when interest in and performance of altcoins are at their lowest that it becomes worthwhile to consider building an appropriate exposure.