70% of Binance altcoins reclaim 200-day average, TOTAL3 tops $800B
- —TOTAL3 topped $800 billion — an ~8-month high, above the May peak
- —70% of altcoins on Binance returned above the 200-day moving average
- —Altcoin share of Binance trading volume rose to 53%
- —BTC trades in a $75,600–82,000 range, capital is flowing into altcoins
Why it matters: Capital rotation into altcoins is intensifying, but the analyst warns of the risk of a rapid trend reversal and rising volatility.
Source: Bloomingbit