Altcoin market capitalization fell by more than $134 billion in 15 days.

Analyst Darkfost attributes this to rapid profit-taking.#XRP

Willy Woo believes investors expecting Bitcoin to bottom lower may be wrong.

Analyst Darkfost said altseason is fading quickly: the share of altcoins on Binance trading above their 200-day moving average (200-DMA) fell from over 90% to 51.6%.

Share of altcoins on Binance below the 200-DMA compared with Bitcoin’s price. Infographic: Incrypted.#DOGE:

According to his data, between late August and early October, the share of altcoins on Binance trading below this technical level fell from 81% to less than 10%. Thus, about nine out of every ten altcoins on the platform entered a confirmed uptrend.#SOL

Darkfost noted that more than $814 billion flowed into altcoins during this period. However, the market then lost momentum: 48.4% of altcoins on Binance fell below the 200-DMA again.

According to Darkfost, more than $134 billion flowed out of altcoins over the past 15 days. The analyst suggests this is largely due to investors taking profits quickly.

He stressed that altcoin performance and investor sentiment can change rapidly. At the same time, he said, periods of waning interest in this segment and weak market performance may be an opportunity to consider building a position.