Bitcoin Dominance Peaks Key Altcoin Metric in Accumulation Mode

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Altcoins are in accumulation territory after experiencing a drawdown over the last 3 months.

The altcoin market is currently at the “reaccumulation stage,” which, after reclaiming a key support area, could move on to the “second leg of the cycle,” according to crypto traders. 

“Altcoins are only up 58% since they broke out after 525 days of accumulation,” independent crypto trader Mags said in part of their July 25 post on X.


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