WuBlockchain
About 84% of Binance-listed altcoins are now trading below their 200-day moving averages, a stretch of broad weakness that has lasted nearly eight months, according to CryptoQuant analyst Darkfost. It is the second-longest depressed cycle for the cohort since 2020, behind only the roughly ten-month downturn of the previous bear market.
Why it matters
The 200-day MA is a widely watched trend filter, and a sustained majority of an exchange's altcoin roster sitting beneath it is a rare condition. Darkfost described the tape as among the hardest-hit sectors of the current cycle, with repeated failed attempts to reclaim momentum. A cohort-wide reading this stretched typically marks late-stage despondency rather than early capitulation, which is why the eight-month duration matters as much as the 84% figure itself.
Market impact
The implication is twofold: relative-value trades that depend on alt beta have had little to work with for most of the year, and rotation flows out of majors into alts have not found a floor. Until the share of Binance altcoins back above their 200-day MA climbs meaningfully, dips are more likely to be sold than bought, and recoveries risk fading into the same failed rallies that have defined the cycle so far.
Frequently asked questions
-
What share of Binance altcoins are below their 200-day moving average?
About 84% of Binance-listed altcoins are trading below their 200-day moving averages, according to CryptoQuant analyst Darkfost.
-
How long has this weak cycle lasted?
Nearly eight months, making it the second-longest depressed cycle for the cohort since 2020, behind only the roughly ten-month stretch of the previous bear market.
-
Who is Darkfost and what did he say?
Darkfost is a CryptoQuant analyst who described altcoins as among the hardest-hit sectors in the current weak market, with repeated failed attempts to reclaim momentum.
-
Why does the 200-day moving average matter for altcoins?
The 200-day MA is a widely used trend filter. A sustained majority of an exchange's altcoin roster sitting beneath it signals a rare, broad-based downtrend rather than isolated weakness.
-
What would signal a turning point for altcoins?
A meaningful rise in the share of Binance altcoins reclaiming their 200-day moving average. Until that ratio turns, recoveries are at risk of fading into the same failed-rally pattern that has defined the cycle.
Whale Alert
Lookonchain
CoinDesk
Crypto News
Benjamin Cowen
Crypto Rank News