Nearly 48.4% of altcoins listed on Binance fell below their 200-day moving average as of October 18, a significant increase from less than 10% earlier in the month. Analyst Darkfost estimates that over $134 billion has exited the altcoin market in the last 15 days, following an inflow of more than $814 billion between late August and early October.
Bitcoin dominance has climbed to approximately 60.7%, reaching its highest daily level since late May. This metric has steadily increased from roughly 59% in late September, surpassing the early-September peak of 60.4%. Meanwhile, the 30-day Altcoin Month Index has dropped to 29, nearing the 25-point threshold that signifies a Bitcoin season.
Market data indicates a decline in available capital for new purchases, with exchange reserves of Ethereum-based stablecoins falling to $57.4 billion, down from nearly $78 billion in November 2025. Despite the cooling market, some assets showed growth over the past 90 days, with Bitway leading the top 50 coins with a 2,993.3% gain, followed by Quant and NEAR Protocol.
The 90-day Altcoin Season Index currently remains neutral at 51. However, the broader market trend shows that altcoins have struggled to maintain momentum, with the Altcoin Season Index failing to reach its designated threshold for 388 consecutive days. Ethereum outperformed Bitcoin by only 1.5 points during the recent 90-day period.
