Bitcoin dominance fell to 58.5% on September 26, after failing to hold above the psychologically important 60% threshold. Glassnode’s Altcoin Cycle Signal hit 81.25 on September 22, while the altcoin market cap climbed roughly 33% since mid-August to approximately $1.17 to $1.19 trillion. The total crypto market cap has reclaimed $3 trillion, with Bitcoin trading around $84,000. However, the Altcoin Season Index remains between 45 and 53, well below the 75 threshold needed to confirm a full-blown altseason. Institutional flows channeled through Bitcoin ETFs structurally differ from previous cycles, which could limit the capital available for altcoin rallies.
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