Glassnode said on September 22 that its Altcoin Cycle Signal had shifted from Bitcoin season to altcoin season as gains spread beyond Bitcoin across the broader digital-asset market. The firm said the first leg of the rally in August saw Bitcoin rise while altcoins showed little clear movement, unlike the latest advance, in which the broader altcoin market is rebounding alongside Bitcoin. The update builds on the signal's rise to 86 in June and its confirmation of genuine altcoin strength by early July, after an initial reading was partly driven by Bitcoin's 18% decline.