The crypto market is showing signs of a notable shift away from Bitcoin ( BTC ), as the Altcoin Season Index, a metric gauging the relative performance of alternative coins, climbed to 61 on Tuesday, September 1 altcoins continue outperforming “digital gold”, the index could approach 75, traditionally viewed as the threshold of the so-called altseason, a period marked by capital rotation away from 2 Season Index:), which has seen notable institutional favor over the past several weeks, with BlackRock alone reporting cumulative net inflows of $13.12 billion on August 3 whales have also been on the 4 of them caught market attention on September 2, acquiring 5,553 ETH, worth approximately $24.44 million, in just the last 40 5 purchase was a continuation of a larger buying spree that began on August 6 then, the whale has purchased a total of 18,447 ETH, worth $81.5 million, at an average price of $4,417.
Whale 0x4ED0 bought another 5,553 $ETH ($24.44M) in the past 40 7 Aug 11, this whale has bought 18,447 $ETH ($81.5M) at $4,417 avg, and 1,357 $WBTC ($160M) at $117,547 avg, then deposited them into #Aave to borrow 114.2M $USDT . 0 8 — Lookonchain (@lookonchain) September 2, 2025 Bitcoin price action The aggressive Ethereum accumulation comes at a time when Bitcoin historically 9 has long been known as a weak month for BTC, usually serving as a prelude to “Uptober”, a period in October characterized by more bullish developments and 10 instance, Bitcoin dropped 8% in September 2020, 7.3% in the same month of 2021, and then 3.10% in September 11 the time of writing, the digital currency was trading at around $110,190, down some 10% from its August 14 peak above $124,000.
BTC price.) and then at the channel’s lower 12 September 1, the crypto was testing its 20-week moving average, a level that has historically triggered major bull 13 the pattern holds, some data suggests a 21% move higher, which could push BTC toward $130,000 in the coming 14 image via Shutterstock
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