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TOTAL3 (Alt market ex BTC & ETH)
This is the most important chart most people ignore.
TOTAL3 is still respecting a multi-year rising trendline. Every time we’ve tapped this line historically, we’ve seen altseason expansions, not crashes.
We’re back at that same region now.
That tells me this isn’t distribution — it’s compression.
When alts stop bleeding while BTC cools off, that’s usually the calm before rotation.