Altcoins Flash Major Breakout as Analyst Predicts “Biggest Bull Run Ever”
TL;DR:
- The Total 2, Total 3, and OTHERS indexes posted new relative highs on September 7, 2026, after breaking downward trends lasting more than twelve months.
- Open interest in altcoin perpetual futures surpassed that of Bitcoin for the first time since December 2024, according to Coinalyze data.
- The combined market capitalization of assets outside the top ten cryptocurrencies stood at $213 billion, representing a 12% gain during the first week of September.
The altcoin market experienced a technical breakout across its primary tracking indicators during trading on Monday, September 7. This movement coincided with a rebound in trading volume and a rotation of liquidity reported by derivatives platforms.
All have confirmed an end to their year long+ downtrend by confirming higher-highs:
ETH
Total 2 (Alts outside of BTC)
Total 3 (Alts outside of BTC & ETH)
OTHERS (Alts outside the top 10)Just a "Bear Market rally" ?
- Matthew Hyland (@MatthewHyland_) September 7, 2026
The Total 2 and Total 3 indexes, along with the OTHERS metric, broke above their respective long-term downward trendlines by printing higher highs. According to a technical report posted on X by analyst Matthew Hyland, this price action on weekly charts could signal an upcoming phase of relative strength for mid- and low-cap assets. The observer noted that the market structure suggests the potential for a larger-scale bull cycle than the one seen between 2020 and 2021.
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