Capital and trader attention are rotating into altcoins as Bitcoin’s recent surge reshapes market activity, according to CryptoQuant analyst Darkfost. Over the past week, the total market capitalization of altcoins excluding Ether rose by about $135 billion, pointing to a rapid inflow of funds into the sector. Trading data also shows a sharp shift in participation. On Binance, which accounts for nearly 40% of exchange altcoin trading volume, altcoins made up as much as 65% of total volume at peak levels, while Bitcoin and Ether represented 21% and 13.6%, respectively. Darkfost said this marks the highest altcoin share of Binance trading volume in two years. At the same time, the Altcoin Impulse market breadth indicator jumped to 93%, suggesting the rally has spread across most areas of the market. The indicator also treats readings above 75% as overextended, a level that may signal the current move is approaching exhaustion or a pullback.
Capital and trader focus are moving into altcoins alongside Bitcoin’s recent sharp rise, according to CryptoQuant analyst Darkfost.
Over the past week, the total market capitalization of altcoins, excluding Ether, increased by about $135 billion, indicating that funds have been flowing quickly into the sector.
Binance altcoin volume share reaches a two-year high
Trading activity has shifted as well. On Binance, which accounts for nearly 40% of exchange altcoin trading volume, altcoins represented as much as 65% of total trading volume at peak levels. Bitcoin and Ether accounted for 21% and 13.6%, respectively.
Darkfost said this was the highest altcoin share of Binance trading volume in two years.
Altcoin Impulse climbs to 93%
He also said the Altcoin Impulse market breadth indicator jumped to 93%, showing that the advance has spread across most parts of the market.
By the indicator’s framework, readings above 75% signal overextension, which may mean the rally is nearing exhaustion or a correction.
The report was cited by CryptoPotato and carried by Techub News.
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