Experts Warned About the First Worrying Signs in the Altcoin Market

• Since June 2026, altcoin market cap, including Ethereum, has risen by 45%, or more than $371 billion.
• The share of altcoins on Binance trading above the 200-day moving average has climbed from 20% in August to 87%.
• Amid the market rally, altcoin deposits to exchanges increased, and the RSI indicator formed a bearish divergence for Total2, analyst Darkfost said.

On-chain analyst Darkfost said the altcoin market is showing its first warning signs after several months of strong capital inflows.

According to his data, since June 2026 the Total2 metric, which reflects altcoin market cap, including Ethereum, has attracted more than $371 billion. Over this period, the metric rose by 45%.

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Another sign of the market heating up was a sharp increase in the number of altcoins on Binance trading above their 200-day moving average (MA).

In August, about 80% of altcoins on Binance were below this level. Now, only 13% of these assets remain below it. As a result, 87% of altcoins on the platform are trading above the 200-day MA.

Darkfost believes this dynamic points to growing euphoria in the altcoin market. At the same time, the analyst noted that historically such moves are not sustainable and lose momentum over time.

Exchange Deposits Increased

As an additional signal, the analyst cited an increase in altcoin deposits to centralized exchanges. Their volumes reached levels not seen since October 2025 — the previous market peak.

The weekly average number of deposit transactions exceeded 22,700 on Binance and 8,300 on Coinbase. Another roughly 32,000 transactions came from other exchanges.

Darkfost noted that the current inflow of altcoins to trading platforms is still moderate compared with the levels seen at the start of the previous bull cycle. At the same time, these signals coincide with the emergence of a bearish divergence on the RSI for Total2. In the analyst’s view, this may indicate a gradual weakening of altcoin momentum.

Market cap continues to grow

In early September, altcoin market capitalization over a 30-day period increased by more than 32%. Growth continued afterward, although the current 30-day figure is around 12.5%, the expert emphasized.

According to Darkfost, liquidity inflows into altcoins have been ongoing since July. He called it the strongest expansion in the altcoin market since July 2025.

The analyst urged readers to monitor these signals with caution, while noting that the current trend could persist for some time. Darkfost also stressed that the market does not move in a straight line, so in his view, patience remains important for participants planning to open positions.

As a reminder, in May 2026, CryptoQuant analysts said that demand for altcoins was holding up amid a sluggish market.

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