About 84% of Altcoins on Binance Trade Below 200-Day MA, Weakest Period in Nearly 8 Months

ETH0.79%
According to CryptoQuant analyst Darkfost on June 30, approximately 84% of altcoins on Binance are trading below their 200-day moving average, a condition that has persisted for nearly eight months. This marks the second longest weakness cycle since 2020, second only to a roughly ten-month downturn during the previous bear market. The Total 3 index, which tracks altcoin market cap excluding Ethereum, has confirmed a weekly close below its 200-day moving average.
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