Recently, Vandell, co-founder of Black Swan Capitalist, published a TOTAL2 chart that measures the market capitalization of all cryptocurrencies excluding Bitcoin. His message discusses potential upcoming moves in the market.
TOTAL2 Chart
The chart, published on September 9, 2025, highlights three distinct consolidation phases, each represented within shaded boxes. Each time the market breaks through a resistance level, a green arrow is placed to mark the breakout point.
The most recent portion of the chart indicates TOTAL2 at $1.55 trillion, with a sharp increase of $172.02 billion, representing a 12.44% gain. A new shaded box above the current level implies a projected area for the next consolidation zone at a significantly higher valuation. Vandell suggests that the altcoin market may be approaching another significant upward movement.
Community Responses
In response to Vandell's chart and statement, community members shared their views. Jared Brown commented, "It looks like smaller steps up each time. Probably no step up this time according to your boxes." Farmer Marcus added, "Predictions based on the past do not include Wall St coming in with big bags."
These comments illustrate differing interpretations of the chart, with some expressing skepticism while others emphasize that institutional investor involvement may alter market trajectories.
Conclusion and Future Observations
Vandell's post presents a clear technical analysis for a significant move in the TOTAL2 market cap, relying on the recurring structure of consolidation and breakout cycles. However, community reactions show a range of opinions, indicating ongoing uncertainty regarding future dynamics.
According to Vandell's chart and interpretation, the cryptocurrency market may be preparing for significant movement; however, the diversity of opinions among participants raises questions about future trends.
