Altcoin momentum is building across the crypto market, with Total2 — an aggregate measure that includes Ethereum and other altcoins while excluding Bitcoin — gaining 45% since June 2026 and absorbing more than $371 billion in capital, according to analysts. The broadening participation is reflected in 87% of Binance-listed altcoins now trading above their 200-day moving averages, a widely watched long-term trend gauge.

The shift has been accompanied by rising leverage and capital movement. Altcoin leverage dominance has reached its highest level in 2.5 years, while exchange deposits climbed to their highest point since October 2025. Total cryptocurrency market capitalization stands at $2.88 trillion, with resistance near $2.90 trillion and $2.94 trillion and nearby support at $2.85 trillion.

Altcoin Momentum Expands Across Binance

Analyst Darkfost said in an X post that Total2, which tracks Ethereum alongside other altcoins, has risen 45% over several months and absorbed over $371 billion since June 2026. A similar rotation is visible among Binance-listed altcoins measured against their 200-day moving averages.

In August, 80% of those altcoins traded below their 200-day moving averages. Only 13% remain below that level today, leaving 87% above it. According to Darkfost, the change shows that many altcoins have moved away from their earlier trend. He described the setup as euphoria and noted its historical tendency to lose momentum.

That activity also extends to leverage, with altcoins' leverage dominance reaching its highest level in 2.5 years — a sign that a growing share of altcoin trading is being done with borrowed funds, exposure that can magnify price swings in either direction.

Exchange Deposits Reach October 2025 High

CryptoQuant head of research Julio Moreno highlighted another development in recent altcoin activity: the number of altcoin deposits to exchanges climbed yesterday to its highest level since October 2025. Deposit flows are a metric the industry watches closely, since tokens moved onto trading platforms are often positioned there for sale, making elevated inflows a common gauge of potential selling pressure.

Meanwhile, total cryptocurrency market capitalization sits at $2.88 trillion on the four-hour chart. The figure rose $12.94 billion, or 0.45%, during the latest candle, opening at $2.87 trillion, reaching $2.88 trillion and touching $2.86 trillion. Trading volume stood at $91.61 billion.

Market Cap Tests $2.90 Trillion

The market cap has recovered from a mid-September low near $2.55 trillion, moving above $2.70 trillion and $2.80 trillion before approaching $2.90 trillion and pulling back from $2.94 trillion. Price action has since consolidated between $2.83 trillion and $2.88 trillion, according to a TradingView chart.

Resistance sits around $2.90 trillion, followed by $2.94 trillion. Support is near $2.85 trillion, followed by $2.80 trillion and $2.75 trillion — the boundaries of the current consolidation and the zones where recent buying and selling have clustered, giving traders clear reference points for the market's next move.

The relative strength index reads 58.75, above its 54.36 moving average and the neutral 50 level, a reading generally interpreted as constructive momentum. The MACD line, however, is at $9.77 billion, below its $10.48 billion signal line, with a negative histogram of -700.57 million, a combination conventionally associated with cooling short-term momentum. Taken together, the mixed signals mirror the broader setup: strengthening participation and a firm trend, offset by multi-year-high leverage, rising deposit flows, and Darkfost's warning that euphoria has historically tended to lose momentum.