Analyst: share of altcoins above 200-day average falls from 90% to 52%
- —Share of altcoins below the 200-day average rose from under 10% to 48.4%
- —Over $134 billion exited altcoins in the past 15 days
- —More than $814 billion flowed into altcoins during the two-month rally
- —Darkfost attributes the outflow mainly to short-term profit-taking
Why it matters: A narrowing base of rising altcoins and sustained outflows point to a short-term trend reversal and risk of further correction.
Source: Digital Today