70% of Binance Altcoins Recover, but Altcoin Season Index Shows a Different Picture

In September 2026, about 70% of altcoins listed on Binance broke above the 200-day moving average, a sign of recovery after months of weak performance. Despite this progress, the Altcoin Season Index dropped to 41 points, suggesting that altcoin strength is still far from a new widespread bull cycle.

Altcoins Surpass Historic Mark on Binance

The altcoin market had been suffering significant declines since the beginning of the year. However, recent data shows that seven out of ten alternative cryptocurrencies traded on Binance are now above the 200-day average, a technical parameter used to identify long-term trends. This movement indicates a possible reversal of the negative sentiment that had been prevailing.

Surpassing the 200-day average is considered a sign of strength and consolidation for any asset. In the context of altcoins, this pattern suggests that some market capital may be shifting back from Bitcoin to alternative projects, at least in the short term.

Altcoin Season Index Signals Caution

Despite the technical optimism on Binance, the Altcoin Season Index, calculated by Blockchaincenter, dropped to 41 points on September 20. Historically, this indicator considers an “altcoin season” to be underway only when the index exceeds 75 points. The current value is 34 points below that threshold, showing that, despite the technical price recovery, altcoins still do not have significant dominance over Bitcoin.

The index measures the performance of the top 50 altcoins compared to Bitcoin over the past 90 days. If most outperform BTC, the index rises. The value of 41 indicates that less than half outperformed Bitcoin during the period.

What Explains the Divergence Between Indicators?

The difference between the two indicators reveals a transitional scenario in the crypto market. While breaking above the 200-day average signals a technical recovery for altcoins, the Altcoin Season Index shows that both institutional and retail capital still favor Bitcoin over alternatives.

This mismatch may be related to investor caution amid macroeconomic uncertainties, anticipation of global regulation and ETF news, or even the recent volatility of Bitcoin itself, which makes a consistent migration to altcoins more difficult.

Impacts for Investors and Next Steps

For those investing in altcoins, the current scenario requires extra attention. The technical recovery may open doors for short-term tactical trades, but the low Altcoin Season Index suggests that broader collective appreciation has not yet begun. Investors should monitor both price trends on Binance and the index’s behavior in the coming weeks.

Want to trade crypto with AI support? Check out Zayion AI, the trading assistant from Bianchi Capital.

With information from BeInCrypto Brazil, September 2026.

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Alexandre Bianchi

Fundador da Bianchi Capital e do Zayion AI. ~10 anos no mercado de ativos digitais, autor de referência e presença na mídia.

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