Altcoins suffer their worst weekend since April – Is Bitcoin taking over?

Altcoin momentum is fading as fewer Binance-listed tokens maintain their long-term uptrends. Between late August and early October, the share trading below the 200-day moving average plunged from 81% to under 10%. However, the latest reading has climbed to 42.4%, showing that selling pressure has returned across the sector. This reversal suggests investors are taking profits and reducing exposure after the recent rally. While Bitcoin [BTC] has recovered toward $81,500, it reinforces its current status as the strongest asset within the altcoin universe. This implies that investor activity is declining within the altcoin universe due to declining interest in participating in this space. Consequently, capital rotation toward Bitcoin could leave smaller tokens struggling to attract fresh demand.

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