- TOTAL3 mirrors 2023’s accumulation pattern, signaling a possible altcoin market breakout phase.
- TOTAL2 has surpassed M2 money supply growth, showing altcoins gaining strength over fiat assets.
- Rising on-chain activity and capital inflows suggest altseason may already be underway in June 2025.
Altcoins are showing renewed strength in June 2025 as market structure, on-chain metrics, and volume trends point to an accelerating phase of growth. Traders and analysts are watching the TOTAL3 chart, which measures the total market cap of altcoins excluding Bitcoin and Ethereum, for confirmation of what some are calling the next major wave since November 2024.
TOTAL3 Chart Signals Breakout Pattern
According to analysis prepared by Moustache via X, the TOTAL3 chart is forming a structure nearly identical to the accumulation pattern seen in 2023 and 2024. He noted that current price activity is developing inside the same “blue zone” seen before previous cycles began to expand.
This behavior suggests that capital is positioning for a breakout phase. Javon Marks also confirmed that TOTAL2 has moved above a bullish pennant pattern on the weekly timeframe.
He noted that altcoins are now outperforming fiat liquidity growth, referencing a key macro trend where TOTAL2 surpassed the M2 money supply. According to him, this is the first time since early 2021 that digital assets are gaining relative strength versus traditional fiat expansion.
On-Chain Metrics and Capital Rotation Fuel Optimism
On-chain activity is rising across multiple blockchains. Data shows that Ethereum, Solana, and BNB Chain are recording increasing user activity, including more active addresses and transactions.
According to analysis from Sensei via X, 2025’s altseason may have already started, supported by these broader usage trends and liquidity flows. Retail interest is also returning. Meme coins on networks like Solana are gaining traction, and decentralized finance (DeFi) platforms are seeing renewed capital inflows.
According to Danny via X, the current setup follows previous cycles that brought exponential gains. His log-scale model still forecasts another strong upward move, with price structures repeating past performance.
