Altcoins Rebound on Binance but Seasonal Index Remains Weak

The altcoin market has shown signs of recovery on Binance, with 70% of altcoins trading above their 200-day average. This level was last seen in October 2025, after nearly a year of trading below it.

However, the Blockchaincenter's Altcoin Season Index has fallen to 41, indicating that fewer than half of the top 50 altcoins have outperformed Bitcoin over the past 90 days. The index peaked at 67 in August but has weakened since then.

The total cryptocurrency market capitalization has gained 3.7% in September, with several altcoins posting sharp rallies despite macroeconomic and geopolitical shocks. The Altcoin Market Cap Reclaims $800 Billion metric has moved back above this level, which was last reached over eight months ago.

Ash Crypto pointed out that the current setup on a chart excluding the top 10 assets is similar to the one seen before the last altcoin season, which went parabolic within nine months. However, Darkfost cautioned that the market's improving structure could reverse quickly.