Nearly half of Binance-listed altcoins drop below 200-day moving average as Bitcoin dominance climbs to 60.7%

On October 18, 48.4% of Binance-listed altcoins fell back below their 200-day moving average, up from under 10% in early October, reversing a rally that had seen 81% of altcoins in uptrend. Over the past 15 days, more than $134 billion has exited altcoins, driven by profit-taking. Meanwhile, Bitcoin dominance has risen to about 60.7%, its highest level since late May, while the 30-day Altcoin Season Index has fallen to 29, nearing the threshold that marks Bitcoin season.