Is Bitcoin Plotting a Comeback? And Are Altcoins the Next Big Thing?

Key Takeaways

Is Bitcoin Showing Signs of Accumulation? Hmm… Is it?

Binance’s sender-to-receiver ratio just plummeted to its lowest since early 2024. That’s what they call “HODLer behavior” – you know, when people stop freaking out and just hold on tight like they’re riding a roller coaster that never ends. 🎢

Altcoins: Are They Finally on Sale?

Only 24% of Binance-listed altcoins are above their 200-day SMA. Yep, it’s like that one piece of clothing on the sale rack that no one’s bought because it just doesn’t look ‘fashionable’ enough. But hey, those discounts can be *very* tempting. 🛍️

Bitcoin [BTC] is flexing its muscles and staying strong, even though long-term holders (LTHs) are cashing in some of their profits. BTC barely flinched, hanging around the $110K mark like it’s just too cool to care. 😎

But hold on! Binance’s BTC sender-to-receiver ratio just dropped, and only 24% of Binance-listed altcoins are above their 200-day MA. Not exactly the “I’m-on-top-of-the-world” signal we’d expect, right?

It seems like most of the market is gearing up for something much, MUCH bigger. Or maybe it’s just hoping to survive the next dip. 🤷‍♀️

Fewer Senders, More HODLers? Sounds Suspiciously Quiet…

The 1-month moving average of Binance’s Bitcoin sender-to-receiver ratio just dropped to its lowest point since early 2024. But what does that even mean? It means people aren’t selling. Instead, they’re holding on tighter than my grip on the last piece of pizza at a party. 🍕

Spikes in this ratio have been linked to market tops, so a sharp decline could suggest there’s plenty of room for more upward action. Basically, the market’s not *totally* freaked out yet. 🚀

September: A Month of Subtle Movements and Mild Panic

And here’s where it gets even juicier. Even though there are clear signs of accumulation, September wasn’t exactly boring. Binance’s data shows that LTHs started taking profits, and prices dipped from $117K to $108K.

But here’s the twist: the market barely noticed. It was like watching someone faint and then immediately bounce back up as if nothing happened. 🙃

The real action came from coins held between 6 months and 5 years, with the 7-10 year category doing the bare minimum in terms of movement.

So, the real question: why is BTC still chilling at $110K even as older coins hit the market? Maybe the market’s been working out and has built some muscle? 💪

Altcoins: Still in the Discount Bin

While Bitcoin’s been flexing and holding steady, the altcoin market’s story is a little more… underwhelming. 🚶‍♂️

Only 24% of Binance-listed altcoins are trading above their 200-day SMA. This isn’t exactly a party; it’s more like those awkward moments when you try to make small talk but nothing clicks. 😬

When that number dips close to zero, it’s usually a sign of a big accumulation phase coming. So, maybe the *smart money* is already quietly shopping for bargains. It’s not glamorous, but it could be the calm before the storm. 🌪️

2025-09-30 20:13