<84% of Binance Alts Below 200-Day as TOTAL3 Slumps
CryptoQuant analyst Darkfost says 84% of Binance altcoins are still trading below their 200-day moving average (200DMA). The weakness has lasted for nearly eight months, showing broad altcoin underperformance in the current bear market. Darkfost also links most altcoin price action to BTC, while the weekly TOTAL3 index (altcoin market cap excluding BTC and ETH) continues to decline.
The latest update is that a weekly close below the 200DMA has been confirmed, reinforcing that the sector has not reclaimed a key technical level. For traders, this argues for tighter selectivity: the “rising together” altcoin regime may be over, and relative performance may hinge more on individual tokens than on broad sector momentum. Use Binance altcoins versus the 200DMA, plus BTC correlation and TOTAL3 trend, as near-term confirmation signals. In the short term, expect rallies to face selling pressure until the 200DMA is regained.
Bearish
Darkfost’s data show persistent broad underperformance: 84% of Binance altcoins remain below the 200DMA for ~8 months, and a weekly close below the 200DMA is confirmed. That combination typically signals a weak technical regime and reduces the odds of sustained, sector-wide altcoin rallies. The link to BTC suggests altcoin bounces may continue to be driven—and capped—by BTC’s trading flows and direction.
For the short term, the confirmed weekly breakdown increases the likelihood of choppy price action and “failed momentum” rebounds, keeping traders cautious. For the long term, prolonged 200DMA-underperformance can sometimes set up medium-term entries, but Darkfost argues that today’s environment is less friendly for broad participation—meaning risk management and token selection matter more than blanket exposure. Given the continued TOTAL3 downtrend, the market tone for the alt segment remains fragile until the 200DMA is reclaimed.