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Altcoin season signals a shift as Bitcoin weakens, but caution remains due to low trader leverage.

Market News
21 Sep 2026
Crypto Briefing
View Source
Neutral
Altcoin season signals a shift as Bitcoin weakens, but caution remains due to low trader leverage.

Glassnode's Altcoin Cycle Signal rose to 86 in June, indicating altcoins outperform Bitcoin, mainly due to Bitcoin's 18% drop rather than strong altcoin demand. By early July, the signal confirmed genuine altcoin strength, but by September, despite a 21% rise in altcoin market cap, low trader leverage and mixed signals from other indexes suggested caution. The altcoin rally lacks momentum traders, and Bitcoin's potential recovery could shift dominance back, making the market outlook uncertain.

Glassnode's report on the shift from Bitcoin to altcoin season is presented here with Pluang market data as of Sep 22, 2026 07:51 WIB. Among 50 major cryptocurrencies tradable on Pluang, 43 rose and 6 fell today. Notable gainers include XRP at Rp27.330 with an 8.39% increase and a typical hold time of 71 days, EOS at Rp12.649 up 8.13%, and ADA at Rp4.410 rising 8.04%.

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