Crypto Total Market Cap Excluding BTC, $, 1W, CRYPTOCAP Analysis

TOTAL2 is an indicator that represents the total market capitalization of all altcoins excluding Bitcoin, and it is useful for understanding the overall trend of the altcoin market.

What is a Parabolic Rise?

A parabolic rise refers to a sharp and steep increase in the price of an asset, forming a parabolic shape on the chart. In the cryptocurrency market, this is usually accompanied by an overheated phase and strong FOMO (Fear of Missing Out), where investors rush to buy without fear, often followed by a significant correction. 

If such signals appear in the altcoin market, a sharp upward curve on the TOTAL2 chart and a surge in trading volume are key indicators.

Since December 2020

December 2020 marked the point when Bitcoin’s price surpassed $20,000, entering the early stages of a bullish market. From the beginning of 2021, altcoins followed Bitcoin’s rise, and the so-called "altseason" unfolded.

TOTAL2 surged from around $200 billion in December 2020 to approximately $1.4 trillion by May 2021, experiencing a parabolic rise. This can be considered the first parabolic signal since December 2020.

Signal Occurrence: Around January to February 2021, TOTAL2 accelerated its upward trend and surpassed its previous high, which is likely considered the start of the first parabolic movement.

Characteristics: Bitcoin Dominance (BTC.D) decreased significantly, dropping from the 70% range in early 2021 to the 40% range, a typical altseason pattern where funds flowed into altcoins.

Weekly Chart (1W) Perspective

To identify parabolic signals on the weekly chart, the following factors should be considered:

• Price Slope: The candles of TOTAL2 show a continuous steep rise, breaking through previous resistance levels.

• Volume Increase: Along with the rise, the trading volume surges, indicating strong buying pressure.

• RSI Overheating: The RSI rises above 70, indicating an overbought condition.

• Trendline Break: The price breaks above long-term downtrend lines or key moving averages (e.g., 50-week SMA).

The first parabolic signal after December 2020 likely appeared in January to February 2021, marking the start of the altcoin bull market in the first half of 2021. At that time, TOTAL2 rose by more than 6 times, forming a typical parabolic pattern, and peaked in May before falling.

Relevance to the Current Situation (March 2025)

If we examine the current movement of TOTAL2, the "first" signal since December 2020 has already passed, but there may be potential for a new parabolic signal. 

Considering the Bitcoin halving cycle between 2024 and 2025, the altcoin market typically experiences a fund rotation following Bitcoin's rise. If TOTAL2 has recently broken through resistance and started a sharp upward movement, it could be interpreted as the second or a new parabolic signal.

From a personal perspective,

As of March 2025, it's essential to analyze the recent movement of TOTAL2 to make an accurate assessment. However, if funds flow into altcoins after Bitcoin reaches a new peak, this could signal the early stages of a new parabolic rise.

Parabolic increases often lead to overheating, so it’s crucial to monitor the RSI and changes in dominance. If Bitcoin dominance doesn’t decrease, the potential for altcoin growth might be limited.