Altcoins show overheating signs as 87% trade above 200-day average

  • Darkfost identified broad altcoin strength alongside early warning signs for the rally.
  • Total2 attracted more than $371 billion in inflows and rose about 45% since June 2026.
  • Altcoin exchange deposits reached their highest level since the October 2025 market peak.

Altcoin momentum is showing signs of strain even as the market rally continues, according to CryptoQuant analyst Darkfost. Total2, a measure of altcoin market capitalization that includes Ethereum, has attracted more than $371 billion in inflows since June 2026 and risen about 45%. The share of Binance-listed altcoins trading below their 200-day moving average has dropped to 13% from 80% in August, meaning 87% now sit above that long-term trend measure. At the same time, weekly average altcoin deposits exceeded 22,700 on Binance, 8,300 on Coinbase and about 32,000 on other exchanges, the highest levels since the October 2025 market peak. Darkfost also identified a bearish divergence in Total2's relative strength index, or RSI, suggesting momentum may be weakening even as prices continue to rise.

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