On-chain analyst Darkfost said in a post on X that Total2, the total crypto market cap excluding Bitcoin and including ETH, has attracted more than $371 billion in cumulative capital inflows since June 2026, a gain of about 45%. He also pointed to improving breadth on Binance, where roughly 87% of altcoins are now trading above their 200-day moving average. That marks a sharp shift from August this year, when about 80% of altcoins were still below that level. According to Darkfost, the data suggests capital has been rotating clearly into altcoins in recent weeks. At the same time, he said market sentiment is showing signs of overheating, leaving the next phase dependent on whether the current momentum can hold. The comments were cited by ChainCatcher in a market analysis brief.
ChainCatcher reported that on-chain analyst Darkfost said in a post on X that Total2, the total market capitalization of altcoins including ETH, has seen more than $371 billion in cumulative capital inflows since June 2026, representing an increase of about 45%.
Capital rotation and market breadth
Darkfost said roughly 87% of altcoins on Binance are now trading above their 200-day moving average. In August this year, by contrast, about 80% of altcoins were still below that line.
He said the shift points to a clear concentration of capital into altcoins in recent trading, while also suggesting that market sentiment has entered a somewhat overheated phase. He added that the next move will depend on whether this momentum can continue.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
