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CryptoQuant analyst Darkfost stated that approximately 84% of altcoin trading prices on Binance have fallen below the 200 day moving average, a situation that has persisted for nearly eight months and is the second longest weak cycle since 2020. The Total 3 Index has been confirmed to close below its 200 day moving average on a weekly basis. Darkfost pointed out that altcoins have maintained a high correlation with Bitcoin prices in this cycle.