The Altcoin market shows a long-term weakness: according to the CryptoQuant analytics platform, 84% of the tokens traded on the spot market Binance are trending downward. The Darkfost analyst explains this by saying that the vast majority of altkoids are trading below their 200-day sliding average, a key indicator for assessing long-term dynamics. Fixing a price below this level has traditionally signaled the persistence of bear morale.

Further evidence of weakness is provided by the behavior of the TOTAL3 index, which reflects the aggregate cryptocurrency capitalization minus Bitcoin and ether. On the weekly schedule, the index also fell below the 200-day moving average, indicating a lack of sustained upward momentum in the segment of Altcoin.

Although in previous market cycles long periods of weakness often preceded recovery, CryptoQuant analysts are cautious. The current cycle is significantly different from past cycles, so investors should be more careful in selecting individual projects rather than expecting automatic growth of the entire market.

Recall that platform experts previously reported that the aggregate pressure of sellers on altokine has reached its highest level in five years of observations. Sales over purchases on centralized exchanges approached $209 billion - the worst figure since 2020.

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The material is prepared solely for informational purposes and does not constitute a financial advice or recommendation.