Altcoin Spot Volume Hits Highest Level Since September 2025, Nearly 4x Bitcoin

Spot traders are turning to altcoins.

Total spot volume now runs close to 4x Bitcoin's, the highest since September 2025.

Demand for higher risk like this has often lined up with local tops in $BTC. pic.twitter.com/O5ySkK8Hqn

— glassnode (@glassnode) September 28, 2026

Altcoin Spot Volume Signals Broader Market Participation

The change is reflected in the Altcoin Season Index, which reached 62%, compared with 50% one week earlier and 33% one month ago. The increase indicates that a larger share of major altcoins has been outperforming Bitcoin over the period measured by the index.

Market breadth has strengthened as well. CryptoQuant analyst Darkfost reported that 87% of Binance-listed altcoins were trading above their 200-day moving averages, up sharply from roughly 20% in August. Only 13% remained below the long-term trend indicator, showing how broadly the recovery has spread across listed tokens.

The wider market capitalization measure supports that picture. TradingView currently places TOTAL2 near $1.17 trillion, tracking crypto assets excluding Bitcoin while including Ethereum. Darkfost said the measure had added more than $371 billion since June, representing an increase of roughly 45%.