1 month ago
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Key Takeaways
- 84% of Binance-listed altcoins trade below their 200-day moving average.
- That underperformance has lasted nearly eight months, the longest since 2022.
- The total crypto market has fallen about 52% from its cycle high.
- A narrow set of coins still posted huge gains, making selection everything.
According to CryptoQuant analyst Darkfost, 84% of altcoins trading on Binance currently sit below their 200-day moving average, and that condition has persisted for nearly eight months. That makes it the second-longest underperformance streak since 2020, behind only the last bear market, which ran roughly 10 months.
The figure (83.7% precisely) comes from a CryptoQuant chart tracking that share against Bitcoin’s price since 2021. The current reading sits deep in the chart’s worst-performance band, where 75% to 100% of altcoins are underwater on that measure.
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