Glassnode Says Altcoin Cycle Signal Flips From Bitcoin Season to Altcoin Season
Cointelegraph reported the development based on data and analysis from Glassnode. The on-chain analytics firm said the latest rally has produced broader participation across the altcoin market, marking a different pattern from the first leg of the advance in August, when altcoins remained relatively subdued while Bitcoin gained.
Glassnode’s Altcoin Cycle Signal Turns
Glassnode’s Altcoin Cycle Signal is designed to measure whether market performance favors Bitcoin or a basket of altcoins. According to Glassnode’s methodology, the indicator uses price data from the top 250 altcoins by market capitalization, excluding stablecoins.
The indicator is intended to show whether Bitcoin is outperforming the broader altcoin basket or whether that relationship has reversed. A shift toward altcoin season therefore reflects broader relative strength among altcoins rather than the performance of any single token.
Glassnode said the latest market move differs from the rally seen in August. During that earlier phase, Bitcoin advanced while altcoins showed comparatively little movement. The current rally, by contrast, has spread across the broader altcoin market, prompting the change in the cycle signal.
Rally Broadens Across the Altcoin Market
The change comes as cryptocurrency prices have risen broadly during the latest market move. Bitcoin was trading around $85,668 in Cointelegraph’s X post carrying the Glassnode observation, according to a contemporaneous reproduction of the post.
Glassnode’s assessment focuses on market breadth rather than a forecast for individual altcoins. Its methodology measures the relative performance of the broader altcoin basket, meaning the signal can change as the distribution of gains across the market changes.
The distinction is important because a rise in the overall altcoin market does not necessarily mean that every altcoin is outperforming Bitcoin. Glassnode’s indicator specifically addresses the relative performance of the selected altcoin basket against BTC.
Signal Marks a Change From Earlier 2026 Conditions
The latest shift follows a period in which Bitcoin had maintained stronger relative performance. Cointelegraph reported in June that the traditional rotation from Bitcoin into altcoins had weakened considerably, with capital increasingly concentrated in a smaller number of assets.
Glassnode’s own research published earlier in September similarly noted that altcoins had not been taking market share from Bitcoin in the way they had during previous cycle peaks.
The latest reading therefore represents a change in the distribution of market performance identified by the Glassnode indicator. The signal is updated daily at 10:15 UTC using the previous day’s data point, according to Glassnode.
For now, the specific development reported by Cointelegraph is that the indicator has moved from Bitcoin season to altcoin season as the current rally spreads more broadly across altcoins.
writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
Check out other news and articles on Google News
Disclaimer:
The articles on HOKANEWS are here to keep you updated on the latest buzz in crypto, tech, and beyond—but they’re not financial advice. We’re sharing info, trends, and insights, not telling you to buy, sell, or invest. Always do your own homework before making any money moves.
HOKANEWS isn’t responsible for any losses, gains, or chaos that might happen if you act on what you read here. Investment decisions should come from your own research—and, ideally, guidance from a qualified financial advisor. Remember: crypto and tech move fast, info changes in a blink, and while we aim for accuracy, we can’t promise it’s 100% complete or up-to-date.