🔥 87% OF BINANCE ALTS HAVE TURNED BULLISH
CryptoQuant analyst Darkfost says 87% of altcoins listed on Binance are now trading above their 200 day moving averages, a major reversal from August when roughly 80% were still below the level.
The recovery has been broad, with Total2 adding more than $371B since June, but there’s a catch.
Darkfost is also seeing early warning signs of altcoin euphoria, including rising exchange deposits and weakening momentum signals. Historically, moves this broad can become difficult to sustain.
87% bullish. The rally is real, but so are the warning signs.
#BTC Price Analysis# #Macro Insights# $BTC $ETH
CryptoQuant analyst Darkfost says 87% of altcoins listed on Binance are now trading above their 200 day moving averages, a major reversal from August when roughly 80% were still below the level.
The recovery has been broad, with Total2 adding more than $371B since June, but there’s a catch.
Darkfost is also seeing early warning signs of altcoin euphoria, including rising exchange deposits and weakening momentum signals. Historically, moves this broad can become difficult to sustain.
87% bullish. The rally is real, but so are the warning signs.
#BTC Price Analysis# #Macro Insights# $BTC $ETH
