CoinScoopAnalyst: 87% of Altcoins on Binance Now Above 200-Day Moving Average
On-chain analyst Darkfost reported that the total market capitalization of altcoins, including ETH, has seen an inflow of over $371 billion since June 2026, marking a 45% increase. Currently, approximately 87% of altcoins listed on Binance are trading above their 200-day moving average, a significant shift from August when about 80% were below that level. The analyst suggests this indicates a strong concentration of capital in altcoins and potential signs of market overheating, warranting caution regarding future momentum.
Summaries are written by AI from the original article. Not investment advice.