Crypto Total Market Cap (Excl. BTC & ETH) – Macro View
The market appears to be following a classic three-phase cycle:
Accumulation (Mar 2021 – May 2022) → Manipulation (May 2022 – Dec 2023) → Distribution (From Dec 2023 onward)
Recent price action shows a clean breakout from the descending structure, with a Fair Value Gap (FVG) being filled.
Key resistance levels: $959B and $1.07T
Critical support: $641B - $591B
This structure suggests growing strength in the altcoin sector. Continuation above FVG may open doors to further upside.
