Darkfost: Altcoins show signs of recovery, but it's still too early to call an altseason

CryptoQuant analyst Darkfost posted on platform X, stating that although the US-Iran conflict and inflationary pressures continue to challenge the market, the altcoin market has recently begun to show signs of recovery. After experiencing an overall correction of over 50%, the altcoin sector is gradually regaining activity. Besides the influence of Bitcoin's correction, this round of adjustment is also related to token dilution in the market. Currently, there are approximately 51 million altcoins in the market, with 46% deployed on Solana, 36% on Base, and 10% on BNB Smart Chain. The overall performance of altcoins recently listed on Binance has recovered to levels seen since September 2025. Currently, about 21% of Binance-listed altcoins have reclaimed their 200-day moving average, compared to only 2% of tokens holding above this key technical level in February this year. Darkfost believes this indicates a gradual recovery in market interest for altcoins, making it a significant signal for investors seeking to allocate to altcoins. However, it is still too early to declare the start of an altseason, as market liquidity remains limited.