Altcoins Lose $134B in Market Cap in Just 15 Days
The altcoin market is showing signs of weakness. According to analyst Darkfost, its total market capitalization has fallen by more than $134 billion over the past 15 days.
Almost 48.4% of altcoins listed on Binance are now trading below their 200-day moving average, a key indicator of the long-term trend. At the beginning of October, this figure was below 10%.
One possible reason is that investors are taking profits quickly after the recent rally, putting additional pressure on prices.
The altcoin market is showing signs of weakness. According to analyst Darkfost, its total market capitalization has fallen by more than $134 billion over the past 15 days.
Almost 48.4% of altcoins listed on Binance are now trading below their 200-day moving average, a key indicator of the long-term trend. At the beginning of October, this figure was below 10%.
One possible reason is that investors are taking profits quickly after the recent rally, putting additional pressure on prices.