CryptoQuant Analyst: 70% of Altcoins on Binance Return Above 200-Day Moving Average

According to a report by BeInCrypto on September 21, Binance data shows that 70% of altcoins have climbed above the 200-day moving average for the first time since October 2025. Previously, these tokens had lingered below this average for nearly a year. CryptoQuant analyst Darkfost stated that the total market capitalization of altcoins excluding $BTC and $ETH (Total3) has returned above $800 billion for the first time in over eight months, breaking past the May high with a strong daily close. However, Blockchaincenter's Altcoin Season Index dropped to 41 on September 20, 34 points below the historical level that confirms an altcoin season, and down from its August peak of approximately 67. The index measures the proportion of the top 50 coins outperforming Bitcoin over the past 90 days. During the same period, Bitcoin's dominance stood at 59.34%, rising 0.5% over three days. The report noted that altcoins have rebounded against the US dollar but have not demonstrated widespread strength against Bitcoin. The ETH/BTC pair is around 0.03238, currently testing the downtrend since 2021, which is considered an early signal rather than confirmation. Darkfost cautioned that structural improvements could reverse quickly, urging continued vigilance.