TOTAL Altcoin Market Cap Has been trending up since the April lows this year. It has been a choppy ride so far this cycle. The bulls are trying to put in a higher low early August to get the momentum going again. This would be a good spot to bounce to keep the trend healthy. This just shows you that even during a big run, there will be plenty of large drawdowns in between. Especially on alts. This recent drop has been ~15% on average but many majors dropping as much as 30% since the local highs last month. I don't want to see this drop back below those 2024 highs (1.27T level). I think that would not make for a good look.(Daan Crypto Trades)