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.
$BTC $ETH #Macro Insights#
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.
$BTC $ETH #Macro Insights#