Altcoins have rallied alongside Bitcoin and Ether, pushing the sector’s total market capitalization back to roughly $1.13 trillion, according to CoinGecko data cited by Blockcast. Since Aug. 19, the segment’s market value has expanded by more than $250 billion at its peak, while CoinGlass data shows daily altcoin trading volume climbed from about $86.23 billion to as high as $132.43 billion, a 53.6% increase. Even so, the report argues that a broad-based altseason has not yet arrived. The strongest gains have been concentrated in a limited group of tokens rather than the market as a whole. Among the top 100 tokens by market capitalization, the 30 best performers posted an average 7-day gain of more than 34.9%. ENA rose 98%, PUMP gained 80.5%, ZEC climbed 69.7%, and AAVE added 60.7%. The article links those moves not only to improving market sentiment, but also to token-specific catalysts such as Ethena’s $1 billion FalconX financing arrangement, Arthur Hayes’ public support for ENA, product upgrades tied to PUMP, and ETF-related developments around ZEC. Blockcast’s report also says the current setup differs from past cycles. CoinGlass’ Altcoin Season Index has recovered to 48 but remains below the 75 level often used to confirm altseason. Bitcoin dominance stands at 57.6%, while the combined share of altcoins excluding Ether and stablecoins is just 20.64%. With institutional money increasingly entering through spot Bitcoin and Ether ETFs and crypto treasury vehicles, and with the number of listed tokens continuing to surge, the article says the old “everything pumps” phase may be much harder to repeat.

Analysts pointed to large Binance BTC outflows in January and Coinbase-led spot demand as signs of improving sentiment, while one market watcher identified $101,420 as a key short-term level.