70% of Binance Altcoins Recover But Altcoin Season Index Tells Another Story
Altcoins have climbed again above a key degree on Binance, with 70% now above their 200-day common. A separate gauge of altcoin power has moved in the other way.
Blockchaincenter’s Altcoin Season Index fell to 41 on September 20. The studying sits 34 factors under the extent that traditionally confirms an altcoin season.
Altcoin Market Cap Reclaims $800 Billion
The whole cryptocurrency market capitalization has gained 3.7% in September, with a number of altcoins posting sharp rallies despite macroeconomic and geopolitical shocks.
CryptoQuant analyst Darkfost reported that Total3 moved again above $800 billion. The metric tracks altcoin market capitalization excluding Bitcoin (BTC) and Ethereum (ETH). That degree had not been reached in additional than 8 months.
The transfer cleared May’s high on a robust each day shut. Furthermore, Binance data showed that 70% of altcoins had been buying and selling above their 200-day averages, a degree final seen in October 2025.
Those similar altcoins spent practically a 12 months sitting 65% to 85% under that common. Bitcoin, in the meantime, has traded inside a spread of $75,600 to $82,000.
Ash Crypto pointed to a different bullish setup on a chart excluding the highest 10 belongings.
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Why the Two Signals Point in Opposite Directions
The improved worth construction doesn’t essentially imply altcoins are outperforming Bitcoin. The Altcoin Season Index measures the share of the highest 50 altcoins which have outperformed Bitcoin over a 90-day interval.
With the index at 41, fewer than half of these belongings have overwhelmed BTC over that timeframe. The index peaked close to 67 in August. Relative power has weakened since then.
Bitcoin dominance additionally helps this view. The metric stood at 59.34% on September 20, up 0.5% over the earlier three days.
In different phrases, altcoins have recovered in opposition to the greenback with out but exhibiting broad-based power in opposition to Bitcoin.
One Bitcoin-denominated measure, nonetheless, factors to a attainable shift. The ETH/BTC ratio was close to 0.03238 and had lately examined in opposition to a downtrend in place since 2021, according to Ash Crypto.
The breakout remains to be latest, and the ratio stays properly under its 2021 peak. It subsequently offers an early sign moderately than affirmation of a broader altcoin rotation.
Darkfost additionally cautioned that the market’s enhancing construction might reverse rapidly.
“But watch out, this type of growth can shift rapidly, so warning stays warranted,” analyst Darkfost said.
For the Altcoin Season Index to substantiate a broader rotation, altcoins would wish to proceed outperforming Bitcoin throughout its 90-day measurement interval.
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