Cointelegraph Magazine published a piece on Sep 28, 2026 saying that altseason has not formally started, but that traders have already begun moving capital between assets. The article was written by staff writer Christina Comben and reviewed by staff editor Andrew Fenton.
The main claim is that traders are choosing more carefully this time. According to the article, money is going into protocols that generate revenue, and this is happening across several different market narratives rather than just one.
The excerpt does not name specific protocols, give capital flow figures, or say which narratives are involved. A price ticker on the page showed BTC at $82,898.25 and ETH at $2,664.03. The article does not connect those prices to the rotation it describes.
For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, the article changes nothing directly. It reports no funding rates, fees, open interest or liquidity data for any exchange or contract. Whether this rotation shows up in the cost of holding a position is not known from this story.
Source: cointelegraph — Altseason is coming — and traders are more discerning this time