🔷 Glassnode: Altcoin cycle signal points to alt-season
📋 Facts:
• Altcoin Cycle Signal switched to «alt-season»: the August rally passed without alts, and the current surge has lit up the entire market
• Metric: top-250 altcoins excluding stablecoins; value 75
• Market cap briefly exceeded $3T on September 22; it is now $2.92T, +4.8% over the past day
• Week: $ZEC +35%, HYPE +20.8%, $DOGE +19.1%, SOL +16.1%; $ETH +10.9%
• But BlockchainCenter Index 49 on 22/09 at an alt-season threshold of 75
🧠 My take: two alt-season indicators are pointing in different directions—which is a truthful snapshot of the moment. Glassnode is catching the breadth of the move: 250 coins are rising together; it’s not a squeeze of a few names. BlockchainCenter is catching dominance: alts should be outperforming BTC over the quarter, and that hasn’t happened yet—the August rally was BTC-driven. Rotation has started, but it hasn’t turned into dominance. If the pace holds for another 2–3 weeks, the second index will catch up and alt-season will get a second confirmation. If not, Glassnode’s signal will remain a false start.
⚠️ The 250-coin group includes an illiquid tail: the breadth is being made by memes; index 49 versus 75 means rotation is still selective.
❓ Will BlockchainCenter confirm the Glassnode signal in a month? 👇
#altsesaon
📋 Facts:
• Altcoin Cycle Signal switched to «alt-season»: the August rally passed without alts, and the current surge has lit up the entire market
• Metric: top-250 altcoins excluding stablecoins; value 75
• Market cap briefly exceeded $3T on September 22; it is now $2.92T, +4.8% over the past day
• Week: $ZEC +35%, HYPE +20.8%, $DOGE +19.1%, SOL +16.1%; $ETH +10.9%
• But BlockchainCenter Index 49 on 22/09 at an alt-season threshold of 75
🧠 My take: two alt-season indicators are pointing in different directions—which is a truthful snapshot of the moment. Glassnode is catching the breadth of the move: 250 coins are rising together; it’s not a squeeze of a few names. BlockchainCenter is catching dominance: alts should be outperforming BTC over the quarter, and that hasn’t happened yet—the August rally was BTC-driven. Rotation has started, but it hasn’t turned into dominance. If the pace holds for another 2–3 weeks, the second index will catch up and alt-season will get a second confirmation. If not, Glassnode’s signal will remain a false start.
⚠️ The 250-coin group includes an illiquid tail: the breadth is being made by memes; index 49 versus 75 means rotation is still selective.
❓ Will BlockchainCenter confirm the Glassnode signal in a month? 👇
#altsesaon
