The TOTAL2 chart, representing the total crypto market cap excluding Bitcoin, has officially broken above its 2021 bull market highs for the first time in nearly 4 years.
This breakout marks a major structural shift from consolidation into potential expansion.
Key levels & structure:
Breakout zone: $1.7T (2021 cycle high)
Measured move projection: $2.98T (conceptual target if expansion structure repeats)
Invalidation: Weekly close back below $1.7T
Historically, sustained breakouts of this magnitude have preceded broad capital rotation into the altcoin market, often leading to what traders call Altcoin Season.
What do you think, is this the early stage of the next expansion phase or just a false start?
馃搳 Educational chart — not financial advice. Market structure can change.
