#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.
