Analyst Darkfost said more than $134 billion exited altcoins over the past 15 days, linking the decline largely to rapid profit-taking. He said the reversal indicates that altseason is fading fast, with the share of altcoins on Binance trading above their 200-day moving average, or 200-DMA, dropping from more than 90% to 51.6%.

Between late August and early October, the share of Binance-listed altcoins trading below the 200-DMA fell from 81% to less than 10%, according to data cited by Darkfost. Roughly nine out of 10 altcoins on the platform consequently entered a confirmed uptrend.

Darkfost said more than $814 billion flowed into altcoins during that period. The market later lost momentum, with 48.4% of altcoins on Binance falling back below the 200-DMA.

The analyst emphasized that altcoin performance and investor sentiment can change quickly. He also said periods of minimal interest in altcoins and weak market momentum may provide a reason to consider building a position.

Willy Woo sees no lower bitcoin bottom

Analyst Willy Woo said investors expecting bitcoin to establish a lower bottom are wrong in their expectations. In his assessment, capital inflows and outflows for bitcoin bottomed on Aug. 9, 2026.

Incrypted previously reported that the number of bitcoin whales had reached an all-time high.

Source: Incrypted