CryptoQuant Analyst Blames Profit-Taking for Fading Altcoin Season
- —Share of altcoins above 200-day average on Binance fell from 90% to 51.6%
- —Altcoin inflows since late August topped $814 billion
- —The altcoin market lost over $134 billion in 15 days
- —48.4% of tokens dropped below their 200-day moving average
Why it matters: The pullback signals further profit-taking risk, though the analyst sees quiet periods as an opportunity to build positions gradually.
Source: Bits.media