ALTCOINS ARE AT HISTORIC WEAKNESS LEVELS 🤯
Zoom out and look at this chart. Only ~3% of altcoins on #Binance are trading above their 200-day moving average. That’s not normal, that’s washout territory.
Since early #October , the damage has been real. Total alt market cap excluding $BTC and stables is down ~36%. Strip out the top 10 and it’s closer to 46% in just a few months. Liquidity didn’t rotate, it vanished.
This isn’t people being late to altseason, it’s capital pulling back and going defensive, but these #conditions usually show up near opportunity -- not near euphoria.
That doesn’t mean it reverses tomorrow. Periods like this can last longer than people expect but when participation collapses this hard, the next #regime change tends to matter. If #liquidity returns, this is the kind of signal history doesn’t ignore.$BTC
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