Altcoin Daily broke down why September could be a big month for altcoins, and Coinbase is backing this up with data.
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1. Global Liquidity: When more money is flowing worldwide (global M2), Bitcoin usually rises about 12 weeks later. That’s happening now, and higher Bitcoin prices almost always kick off altcoin season. Targets are around $140K - $150K by end of September.
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2. Business Cycle: Altcoins thrive when the economy is recovering because people have more spare cash and are willing to take risks. Right now, conditions are pointing upward.
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3. Bitcoin Dominance: Altcoins really pump when Bitcoin’s market share starts falling. Bitcoin dominance dropped from 65% to 59% recently, showing that money is beginning to flow into alts.
Coinbase also highlighted key September catalysts - Fed rate cuts, clearer crypto regulations, and even possible altcoin ETFs. The altcoin season index is at 40% now (needs 75% to confirm), so the setup is forming.
In short: if Bitcoin keeps climbing, September could bring a real altcoin wave.
