About 84% of altcoins listed on Binance are trading below their 200-day moving average, highlighting continued weakness across the broader crypto market. The underperformance has lasted for nearly eight months, making it the second-longest stretch since 2020. Altcoins have largely moved in line with Bitcoin throughout the current market cycle, with repeated recovery attempts failing to gain momentum. Investors will watch for signs of a broader market recovery, while selective asset picking may remain critical if conditions improve.
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