The combined market cap of altcoins tracked by the TOTAL3 index is approaching the $1.2 trillion level last seen in October 2025, having roughly doubled from its trough near $550 billion. TOTAL2, which includes Ethereum, has broken above $1.07 trillion and is now testing meaningful resistance near $1.26 trillion. Bitcoin dominance remains elevated in the 57% to 59% range, a level that historically sets up capital rotation into altcoins. The Altcoin Season Index stands at 54, reflecting a transitional market rather than full altseason, as the altcoin space is far more saturated with thousands of tradable assets than in previous cycles. A breakout above the October 2025 all-time high would push TOTAL3 into uncharted price discovery territory.
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