Bankless · Friday, September 11, 2026
Despite significant pumps in tokens like Leiter, VVV, Zcash, Near, and Arbitrum, analysts question whether this constitutes a true altcoin season, noting Bitcoin's dominance remains near 60%. The discussion highlights historical patterns where Bitcoin typically leads bull runs, and suggests current activity might be pockets of speculation rather than a broad altcoin season. The 'Degen debasement trade' is cited as a potential driver for risky assets.
“Are we in an altcoin season? Is this all coin season?”
“I still think it's that. I still think it's crypto natives are here. And this is a bubble, you know, a pocket of air of speculation that's moved to kind of Robinhood chain, but too early to call a full altcoin season.”
“You cannot call a big, you know, altcoin season when Bitcoin dominance is near 60%.”