Analyst: September altcoin season is over as ASI hits overheated zone
- —The Altcoin Season Index has peaked in overheated territory, historically coinciding with liquidity rotation back to Bitcoin and stablecoins
- —Since October 2, BTC fell 8% from $87K, ETH 14%, XRP 20% and SOL 15%
- —Altcoin profit-taking hit a 12-month high, with exchange inflows matching levels seen in last October's crash
- —USDT dominance ticked up this week, but the broader downtrend suggests the altcoin rally is paused, not finished
Why it matters: Capital rotating into BTC and stablecoins is pressuring altcoins, but USDT dominance trends leave room for another rally in 2026.
Source: AMBCrypto