The altcoin market’s $126 billion gain in Q2 2025 has sparked optimism among analysts, with some comparing the current setup to the 2017 altcoin surge. Crypto analyst Javon Marks recently shared insights on , pointing to a breakout in the TOTAL3 index (altcoin market cap excluding Bitcoin and Ethereum) against the US money supply. This metric suggests altcoins are gaining value relative to the broader economy, driven by increased investor interest and capital inflows. Marks noted that altcoins have bounced off a critical retest level, positioning them for what could be “one of their most powerful runs since 2017.”
Another analyst, Moustache, identified a weekly inverse head-and-shoulders pattern in the TOTAL3 chart, a bullish indicator. This pattern mirrors the 2021 altseason, when altcoins surged 174% against Bitcoin’s modest 20% gain. With the Altcoin Season Index at 24, per , the market remains in Bitcoin’s shadow, but a shift above 30-40 could trigger significant altcoin pumps. For investors seeking the , these signals highlight the potential for substantial returns in the coming months.
