Massive ALTSEASON ahead.

[lingriiddd]

The Crypto Total Market Cap (excluding the Top 10) is staging a strong bounce on its 1M MA50 (blue trend-line), which as you see has been closing all 1M candles above it since November 2023!

With the multi-year pattern being a Channel Up, we are experiencing a prolonged Accumulation Phase similar to 2019. That gave rise to a Higher High on the 1.618 Fibonacci extension. This time the accumulation even takes place above the 0.5 Fib.

If the same 1.618 Fib Target is repeated, we are looking at a possible 1.63 Trillion market cap.

[Nahid10]

Great chart work! What stands out to me is how cleanly the Total Market Cap (excl. Top 10) has respected the 1M MA50 as long-term support. Historically, these kinds of structures (2019 being the best example) created the foundation for multi-year expansions. The fact that we’re consolidating above the 0.5 Fib is a huge sign of strength compared to the last cycle, where we struggled just to reclaim it. If the same 1.618 Fib extension plays out, $1.63T is not just possible—it’s arguably conservative given ETF inflows and on-chain growth this time around. The accumulation phase seems to be maturing into the next major expansion leg.

[jacson4]

What I like about this analysis is that it zooms out beyond Bitcoin dominance and highlights where the real alpha often hides: midcaps and emerging alts. Excluding the top 10 gives a cleaner read on speculative appetite, and right now that appetite looks to be building steadily. Holding the MA50 on monthly closes since Nov 2023 shows deep-pocket conviction, not just retail FOMO. Combine that with the fact we’re sitting above the 0.5 Fib instead of under it, and the setup feels very different from the choppier 2019 cycle. If $1.63T is the 1.618 Fib target, altseason might be a lot bigger and more sustainable than most people expect.