Looking at the TOTAL2 metric—which tracks the combined market cap of altcoins excluding Bitcoin—the gap between April and current levels tells an interesting story about market cycles.
Back in April, TOTAL2 held steady at one level, reflecting the altcoin market snapshot at that time. Fast forward to now, and you're seeing a notably different picture. The metric has shifted, capturing shifts in how capital's rotating across the broader altcoin ecosystem.
What's worth noting: this comparison highlights how macro sentiment, BTC dominance swings, and seasonal trading patterns reshape the composition of alt markets. Whether it's consolidation or reallocation, TOTAL2 movements often signal whether traders are hunting for returns beyond the majors or rotating back to safety.
Keep an eye on this metric if you're tracking where liquidity's flowing in the current market environment.
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DeepRabbitHole
· 1h ago
Yelling, this TOTAL2 trick is actually just watching to see when those guys run away.
Honestly, with Bitcoin so strong right now, I can't see when altcoins will turn around.
Wait, you said from April until now... Why do I feel like all the liquidity has flowed into the main market?
Oh no, I still need to keep an eye on this indicator, or I won't know how I got cut.
This round is just about seeing who dares to gamble on those small coins.
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StillBuyingTheDip
· 9h ago
Since April, all the alts have dispersed, and the funds have still flowed back into Bitcoin, which shows that nothing has really changed.
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OnchainDetective
· 9h ago
According to on-chain data, the fund flow pattern of TOTAL2 from April to now is indeed suspicious... That turning point is worth a deep dive.
Unusual fluctuations in trading volume clearly indicate that large investors are quietly offloading.
After analysis and assessment, this round of altcoin manipulation is exactly the same as the last time, and several key wallet addresses have already been identified.
NGL, I feel that the recent surge in BTC dominance was just a smokescreen; the real chips have long been transferred.
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ProofOfNothing
· 9h ago
TOTAL2 this wave of decline is quite sharp, it feels like the funds are really flowing into Bitcoin...
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MEVHunter
· 10h ago
TOTAL2's recent movement, to put it simply, is a game of funds in the mempool... Since April, it's mainly about how BTC dominance suppresses the market and whether arbitrage opportunities have been eaten up by gas wars. True players have already been monitoring on-chain data and won't wait for articles to tell them where liquidity is flowing.
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LiquiditySurfer
· 10h ago
The capital flow is deviating from Bitcoin, indicating that someone is engaging in small coin arbitrage this round... The surfing entry points are pretty good this time.
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ImpermanentPhilosopher
· 10h ago
Since April, looking at this data feels like watching a map of capital fleeing... Once the BTC siphoning mechanism is activated, small coins get repeatedly harvested, this is the truth of the market.
TOTAL2 comparison: April to now
Looking at the TOTAL2 metric—which tracks the combined market cap of altcoins excluding Bitcoin—the gap between April and current levels tells an interesting story about market cycles.
Back in April, TOTAL2 held steady at one level, reflecting the altcoin market snapshot at that time. Fast forward to now, and you're seeing a notably different picture. The metric has shifted, capturing shifts in how capital's rotating across the broader altcoin ecosystem.
What's worth noting: this comparison highlights how macro sentiment, BTC dominance swings, and seasonal trading patterns reshape the composition of alt markets. Whether it's consolidation or reallocation, TOTAL2 movements often signal whether traders are hunting for returns beyond the majors or rotating back to safety.
Keep an eye on this metric if you're tracking where liquidity's flowing in the current market environment.