Analyst sees altcoin market holding key support as Total3 targets prior $1.2 trillion high

According to analyst Michaël van de Poppe, the altcoin market, valued at over $879 billion, is holding critical support and could move back toward its previous peak near $1.2 trillion. Total3 has maintained support around $784 billion and is edging toward its 365-day moving average, even after a sharp 33% drop from its October high. While investors waited in 2025 for an altseason that never materialized, analysts cite changing market dynamics, ETF-driven liquidity siloes, and an oversupply of tokens as key factors.