Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
ADA 
ARB 
ETH 
ETHFI 
NEAR 
ONE 
RAY 
SOL 
UNI 
ZEC 
LIT 
PUMP 
USELESS Key insights
The altcoin seasonal index rose to 49, and the market is gradually approaching the "altcoin season." Glassnode pointed out that the altcoin cycle signal has switched from the "Bitcoin Season" to the "Altcoin Season." Various altcoins have recorded strong gains in the past 90 days, demonstrating broader market participation.
As a new round of market gains spreads among the wider cryptocurrency community, the altcoin seasonal index begins to tilt towards altcoins. This provides traders with a clearer signal that assets other than Bitcoin will perform stronger. The shift came after a relatively calm month of August, as the end of the quarter approached, and traders closely watched market earnings.
Altcoin seasonal signals strengthen
The altcoin seasonal index on CoinMarketCap is currently 49 out of 100 points, and is gradually approaching the range that marks altcoin activity. The reading was 50 yesterday, 32 last week and 40 last month, indicating that the indicator has improved from its previously weak levels.
Glassnode also reported that its altcoin cycle signal has flipped from "Bitcoin Season" to "Altcoin Season." The company pointed out that the first rally in August did not trigger a widespread response from altcoins because the prices of many altcoins were relatively stable, while Bitcoin continued to rise. However, the latest rally is different, with a much wider range of altcoins participating.
Altcoin cycle turns positive| Source: Glassnode
Hans Dallasi还指出了七天的山寨币周期指标，表示其已从“比特币季”转向“山寨币季”。这一转变至关重要，因为该信号是基于近期山寨币与比特币的表现对比得出的。历史上，当该指标达到此区间时，山寨币的表现往往优于比特币，但这并不意味着每种代币都会以相同的方式运动。
指数图表还显示了该读数在90天期间的变化过程。它在经历了一段较弱的时期后再次攀升，同时山寨币总市值线在八月也大幅上涨。这种组合为最新信号提供了更多背景信息，因为这种转变伴随着整个市场的广泛上涨，而非仅仅来自单一的短期波动。这使得当前的变化更容易被追踪和观察。
山寨币市场广度扩大
更广泛的市场数据解释了为何当前走势备受关注。CoinMarketCap的90天表现图表显示，大量代币录得强劲涨幅。PONS以636.36%的涨幅领跑展示列表，紧随其后的是USELESS（350.75%）和ZEC（264.84%）。
其他值得注意的涨幅包括：PUMP上涨224.61%，LIT上涨206.68%，UNI上涨198.64%，RAY上涨196.53%，ARB上涨178.20%。列表中还包括NEAR，涨幅为131.78%，ETHFI涨幅为101.21%。在同一90天期间内，SOL上涨69.40%，ADA上涨66.82%，ETH上涨65.14%。
The spread of gains is important because the latest signals are not based on sharp fluctuations in a single token. On the contrary, the data shows growth in multiple market sectors. This is consistent with Glassnode's view that the recent rebound has brought broader altcoin participation.
The altcoin seasonal index still needs to be combined with background analysis
Although the reading has increased, the altcoin seasonal index does not mean that the market has entered a protracted altcoin profitable period. Joao Wedson believes that the altcoin season may be just a short market window, and the results depend on the time period compared.
Altcoin seasonal reference point analysis| Source: Joao Wedson
He used Harmony Network's ONE token as an example. The token has risen more than 700% from its all-time low, but is still about 99% below its all-time high. This gap suggests that the large percentage increase alone does not fully reflect the full picture of the recovery of altcoins.
For the broader market, current altcoin seasonal index readings and the latest seven-day signal point to stronger altcoin participation , especially as the quarter approaches the end. Still, since assets may rebound sharply before returning to previous highs, recent gains need to be reviewed over different time periods. Future market trends will show whether this broad participation can be sustained.
