Altcoin market momentum has accelerated sharply since June 2026, with the Total2 index absorbing more than $371 billion in capital inflows and gaining roughly 45%, according to CryptoQuant analyst Darkfost.
The breadth of the move is notable: In August, about 80% of Binance-listed altcoins traded below their 200-day moving averages. By late September, only 13% remained below that level, leaving 87% above the 200-day moving average. Darkfost described the setup as euphoria and cautioned that similar simultaneous surges have historically lost momentum.
Leverage appetite has also increased. Altcoin leverage dominance reached its highest level in two and a half years, while exchange deposits climbed to their highest since October 2025. CryptoQuant analyst Julio Moreno noted the deposit spike. Weekly altcoin deposit averages reached approximately 22,700 on Binance and 8,300 on Coinbase, with other exchanges totaling around 32,000, though Darkfost said inflows remain relatively limited compared with early stages of previous bull markets.
Total cryptocurrency market capitalization sits near $2.88 trillion, up about 0.45% in the latest four-hour candle, with resistance near $2.90 trillion and $2.94 trillion. Support is seen near $2.85 trillion, followed by $2.80 trillion and $2.75 trillion. The RSI is 58.75, while MACD remains below its signal line, suggesting momentum may be strong but not yet confirmed across all indicators.
