According to research by CryptoQuant, altcoins are among the hardest-hit sectors in this weak market cycle, with multiple failed attempts at momentum recovery. Total 3, which tracks the total market cap of altcoins excluding ETH, continues to decline and has confirmed a weekly close below the 200-day moving average. CryptoQuant Korea points out that approximately 84% of altcoins listed on Binance are currently trading below their 200-day moving average. This extreme bearish state has persisted for nearly 8 months, marking the second-longest weak cycle since 2020, only surpassed by the roughly 10-month downturn during the previous bear market. Historically, similar phases often present mid-term opportunities, but the current market demands a more rigorous selection of assets rather than simply betting on a broad altcoin rebound. https://(wublock123.com)/news/cryptoquant-84-percent-binance-altcoins-below-200dma-8-month-slide-63701