Binance Altcoin Market Breadth Collapses From 90% to 51.6%
- —Share of altcoins above 200-day average: 51.6%, down from over 90% in early October
- —In late August, 81% of tracked altcoins traded below their 200-day averages
- —Darkfost estimated a $134 billion altcoin retreat over 15 days without specifying net flows
- —Bitcoin dominance at 60.1%, with BTC trading near $81,500
Why it matters: Narrowing market participation casts doubt on the altseason's durability and raises risk for altcoins with Bitcoin dominance above 60%.
Source: Blockonomi