Altcoin Trading Volume Nears Four Times Bitcoin’s

Altcoin spot trading volume has climbed to nearly four times Bitcoin’s, the highest ratio since September 2025, according to Glassnode, as market participation broadens and exchange deposits rise. The data show a strong rotation toward alternative cryptocurrencies, but do not establish that Bitcoin or the wider market is nearing a reversal. Glassnode reported the volume ratio on September 28 and said similar surges in altcoin activity have historically coincided with local Bitcoin price tops. The firm described the pattern as a warning signal, not a definitive forecast. Altcoin spot volume measures trading activity outside Bitcoin; it does not, by itself, show whether traders are buying or selling. Other indicators show the rally has spread across a wide range of tokens. Glassnode data put the share of tracked altcoins that outperformed Bitcoin at 72.5% through September 22-23, up from 39% in August. Darkfost, an analyst cited in the reports, said 87% of Binance-listed altcoins were above their 200-day moving averages, compared with roughly 20% in August.