BitcoinTycoon

There have always been people who regard TOTAL3 as a barometer for the market, but upon deeper research, you will find that this indicator actually has significant flaws.
The composition method of TOTAL3 is: the crypto market cap minus Bitcoin and Ethereum. However, it also includes stablecoins, which have almost no volatility. As a result, the "altcoin scale" you see is diluted by a large amount of invalid volume.
For example: USDT is approximately 174B, USDC is about 74B, totaling around 248B. The total market capitalization of TOTAL3 is about 1060B, with stablecoins accounting for over 23%.
View OriginalThe composition method of TOTAL3 is: the crypto market cap minus Bitcoin and Ethereum. However, it also includes stablecoins, which have almost no volatility. As a result, the "altcoin scale" you see is diluted by a large amount of invalid volume.
For example: USDT is approximately 174B, USDC is about 74B, totaling around 248B. The total market capitalization of TOTAL3 is about 1060B, with stablecoins accounting for over 23%.