‘Altcoin speculation has slowed down’ – Can November break Bitcoin’s 60% grip?

With just 2 months left for the year 2026 to end, there is a new wave around altcoins that is surfacing in the crypto market. According to the lead analyst at Glassnode, AntiFragile, the altcoin market could be preparing for a stronger rally in November and the final months of the year.

He noted that the altcoin speculation has cooled down, with total spot trading volume now around three times Bitcoin’s volume, compared with nearly four times in late September. This means that excessive speculative activity has eased, potentially creating a healthier entry point for buyers.

The crypto community joins the altcoin season hype

Echoing similar sentiments, another known analyst highlighted that TOTAL3, which measures the combined market capitalization of all cryptocurrencies excluding Bitcoin [BTC] and Ethereum [ETH], has reportedly reclaimed a long-term technical pattern and is nearing the end of a retest.

So, if this breakout holds, it could signal renewed strength across smaller cryptocurrencies.

In addition, another analyst on X going by the username Kevin hinted at another bullish sign. He highlighted that altcoin monthly momentum has turned positive for the first time since 2020, indicating that buying pressure might be coming back.