Live updates: An 'altcoin season' signal flashed, but bitcoin's slide is what set it off

live Updated just now Live updates: An 'altcoin season' signal flashed, but bitcoin's slide is what set it off After nearly two years of declines, alts have run out of sellers and steadied, while bitcoin has dropped hard, sliding back toward $63,600. By Shaurya Malwa Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email just now · 6:30 AM Shaurya Malwa Share Share this post Copy link X icon X (Twitter) LinkedIn Facebook Email Glassnode's indicator hit deep altcoin-season territory, not because alts are rallying, but because bitcoin is falling faster than they are A widely watched indicator has flipped to "altcoin season," for the opposite reason the label suggests. Glassnode's Altcoin Cycle Signal, which reads above 50 when alternative coins, or alts, outperform bitcoin, has climbed to 86. Alts are not rallying. Bitcoin is just falling faster than they are. [@portabletext/react] Unknown block type "image", specify a component for it in the `components.types` prop The signal tracks relative performance, so alts can lead either by rising or by falling less. This is the second case. After nearly two years of declines, alts have run out of sellers and steadied, while bitcoin has dropped hard, sliding back toward $63,600, per CoinDesk data. Bitcoin, as Glassnode puts it, "is still doing most of the work." A real altcoin season has capital rotating into smaller tokens as they climb. This is the hollow version, where the reading turns bullish for alts because bitcoin is selling off, which is bearish for the market as a whole. Relative strength is not a rally. Until alts start rising on their own rather than holding while bitcoin falls, the signal says more about bitcoin's weakness than about demand for anything else. Latest Crypto News 1 XRP drifts toward $1.10 support as traders await break from three-week range 3 minutes ago 2 SpaceX’s $600 billion plunge erased nearly half of bitcoin’s market cap in three days. 7 minutes ago 3 Bitcoin slips toward $63,000 as a tech selloff drags risk assets lower 1 hour ago 4 Trump signs orders to build a quantum computer and protect against the one that could break encryption 1 hour ago 5 U.S. Senate passes housing bill that carries four-year ban on a Fed CBDC 7 hours ago 6 Securitize and tZERO clash over patents as race to bring Wall Street onchain heats up 9 hours ago 7 Ric Edelman says crypto’s biggest growth story is happening off the price chart 9 hours ago 8 21Shares co-founder warns tokenization hype is outrunning Wall Street reality 9 hours ago 9 Strive says digital credit selloff was a liquidation event, not a credit crisis 10 hours ago 10 Ether’s biggest corporate holders back new Ethereum research hub 11 hours ago Latest Research CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. By CoinDesk Research Jun 15, 2026 In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. Why it matters : In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. View Full Report More From Markets XRP drifts toward $1.10 support as traders await break from three-week range SpaceX’s $600 billion plunge erased nearly half of bitcoin’s market cap in three days. Bitcoin slips toward $63,000 as a tech selloff drags risk assets lower