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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
09/21/2026

Glassnode: Bitcoin Outperforms as Altcoins Lag Over Two Years

What happened: A joint Glassnode and Bybit report found that from August 2024 to August 2026, Bitcoin rose 28%, while the median mid-cap altcoin fell 74% and Ethereum remained roughly flat.

Glassnode: Bitcoin Outperforms as Altcoins Lag Over Two Years

What happened: A joint Glassnode and Bybit report found that from August 2024 to August 2026, Bitcoin rose 28%, while the median mid-cap altcoin fell 74% and Ethereum remained roughly flat. Bitcoin spot ETF inflows totaled $55.2B, dwarfing ETH ($13.1B) and SOL ($29.7M). Futures open interest is highly concentrated in riskier assets like PEPE (24% of market cap) versus BTC (2%).

Why it matters: The data underscores Bitcoin's dominance and resilience in the current cycle, with institutional flows and risk-off sentiment driving the divergence. The report challenges the "altseason" narrative, suggesting structural changes in market behavior. However, some outlets note recent stabilization in altcoins as Bitcoin's rally cools, hinting at possible shifts ahead.

Source: Decrypt