Altcoins on Binance have rebounded, with 70% now trading above their 200-day moving average, a level last seen in October 2025. The altcoin market capitalization measured by Total3 has reclaimed $800 billion, a threshold not reached in over eight months. However, the Altcoin Season Index dropped to 41 on September 20, which is 34 points below the level historically required to confirm an altcoin season. Bitcoin dominance remains high at 59.34%, indicating that altcoins have recovered in dollar terms without showing broad-based strength against Bitcoin. The ETH/BTC ratio is currently testing a downtrend resistance in place since 2021, providing an early signal but not yet confirmation of a wider rotation into altcoins.
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