Altcoin Season Signal Confirmed as Crypto Market Eyes Best Quarterly Close

Key Insights

• Altcoin Season index rises to 49 as the market moves closer to altcoin season.
• Glassnode says the altcoin cycle signal has flipped from Bitcoin season to altcoin season.
• Several altcoins post strong 90-day gains, showing broader market participation.

Altseason index has turned toward altcoins as a fresh market rally spreads across a wider group of cryptocurrencies. This has given traders a clearer sign of stronger performance beyond Bitcoin. The move follows a quieter August and comes as the quarter nears its close, with traders tracking gains.

Altcoin Season Signal Turns Higher

Altcoin Season index on CoinMarketCap stands at 49 out of 100, moving closer to the range that marks altcoin activity. The reading was 50 yesterday, 32 last week and 40 last month, showing that the measure has improved from the weaker levels seen earlier in the period.

Glassnode also reported that its altcoin cycle signal has flipped from Bitcoin season to altcoin season. The firm noted that the first rally in August did not bring the same broad response from altcoins. This was because many remained relatively flat while BTC moved higher. The latest rally has been different, with a much wider segment of the altcoin market participating.