Аltcoins are on the edge...
That’s weird…
The total market capitalization of all cryptocurrencies excluding Bitcoin and Ethereum (TOTAL3) still hasn’t made that explosive breakout against BTC in this bull cycle.
In other words, the altcoin market still hasn’t had its moment where it massively outperforms Bitcoin.
Example: the TOTAL3 chart measured in Bitcoin for the 2021–2023 period shows that when the line goes up — altcoins are outperforming BTC. 👇
But…
Since the approved $ETH and $BTC ETFs are attracting massive investor inflows that would’ve previously gone into altcoins, we might not see the same “wild” breakout this time.
A softer but still meaningful breakout is possible — one where only a few leading projects within TOTAL3 capture most of the gains, instead of a market-wide rally where every token soars.
Historically speaking, this breakout should have already happened…
But if we assume we’re in an extended bull cycle lasting through 2026, that could actually be great news for altcoins.
The reason is simple: historically, altcoins start outperforming Bitcoin during the last quarter of the year.
If history repeats itself, Q4 could be the key moment for altcoins during bull markets.
And with the potential for a longer cycle this time, late 2025 looks like a strong candidate for TOTAL3’s big breakout against Bitcoin.
Fingers crossed… 🤞
