CoinMeta data: Although the Altcoin season is accelerating, most holders are still in a loss-making state. According to Glassnode data, as of September 23, less than 25% of the median Altcoin circulating supply was in a profitable state. Although the recent gains have not yet translated into widespread profitability, more and more Altcoin participants have joined the broader crypto market rebound. The latest data from Glassnode shows that over the past few months, the Altcoin cycle signal has shifted from a Bitcoin season to a Altcoin season. Data from CoinMarketCap indicates that the Altcoin season index on September 22 was 49, up from 32 a week earlier and 40 a month earlier. Although these data indicate a broader improvement, it does not mean that most Altcoin have recovered their previous losses.