Altcoin market cap reaches $1.77 trillion amid resistance

The altcoin market cap, represented by TOTAL2, reached an all-time high of $1.77 trillion on October 7, 2025. This figure is only marginally higher than the previous peak of $1.71 trillion set in November 2021.

Despite the new high, the market has remained within a long-term range since 2022. Analysts are monitoring the $1.07 trillion mid-range level, which is currently acting as resistance. A breakout above this level could signal positive development, though on-chain metrics suggest challenges ahead.

Recent data indicates rising altcoin inflows to exchanges, with Binance recording 25,856 addresses, the highest level since May. While this could indicate increased liquidity or trader activity, it also signals a movement of assets toward exchanges. Additionally, Tether reserves on exchanges have been trending downward since December 2025, suggesting a potential reduction in market buying power.