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Altcoin season ended in September; liquidity shifts back to Bitcoin and stablecoins, causing altcoin price drops.

Analyst Insights
10 Oct 2026
Zycrypto
View Source
Bearish
Altcoin season ended in September; liquidity shifts back to Bitcoin and stablecoins, causing altcoin price drops.

The altcoin season that peaked in September has ended, according to analyst Joao Wedson. The Altcoin Season Index reached a high point, signaling a shift in market liquidity back toward Bitcoin and stablecoins. This rotation explains why many altcoins have experienced sharper price declines compared to Bitcoin during the recent market downturn. Historical patterns and a supporting chart show that after altcoin peaks, Bitcoin tends to regain favor among investors, indicating current market conditions now favor Bitcoin over alternative cryptocurrencies.

The recent altcoin run in September is the story's subject, with Pluang's market data showing that 40 of 50 major cryptocurrencies rose today. Notable movers include SNX at Rp4.364 with a 5.00% increase and 100% buy activity, ALGO at Rp2.143 up 4.74% with 92% buy activity, and DOT at Rp22.389 rising 4.22% but with 71% sell activity. This snapshot is as of Oct 11, 2026 01:02 WIB.

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