Binance data showed that 70% of altcoins were trading above their 200-day averages, while Blockchaincenter's Altcoin Season Index fell to 41 on September 20. The index was 34 points below the level that has historically confirmed an altcoin season, even as total altcoin market capitalization returned above $800 billion. Altcoins have recovered against the dollar but have not yet shown broad-based strength against Bitcoin.
