#打榜优质内容 is a critical turning point window for alts in the month of September.

Historically, September is usually a traditional off-season for cryptocurrencies, with Bitcoin and Ethereum historically having an average return rate that is negative during this month. The market is currently in the "tail end" phase, which is the late stage of a bull market, characterized by faster capital rotation and increased volatility.
The core driving factors behind the rise of alts

Despite seasonal pressures, several unique catalysts this September may drive alts out of an independent market.

1. Macroeconomic policy favorable: The market generally expects the Federal Reserve to cut interest rates in September. If this comes true, it is expected to release more than $7 trillion of idle funds in money market funds, some of which may flow into high-risk risk assets, including alts. The expectation of an interest rate cut itself may stimulate market sentiment in advance before it is realized.
2. Regulatory Clarity: The regulatory environment in the United States is becoming clearer. The GENIUS Act establishes a federal regulatory framework for stablecoins, while the CLARITY Act clarifies the regulatory boundaries between the SEC and CFTC, classifying many alts as "digital commodities" rather than securities, which removes obstacles for institutional capital to enter the market on a large scale. Federal Reserve Governor Waller (a leading candidate for the next chair) has publicly supported Ethereum and stablecoins, further strengthening positive market expectations.
3. Capital Rotation Effect: After Bitcoin sets a new historical high, its dominance may weaken. Historically, funds often overflow to alts after Bitcoin rises, seeking higher returns. Institutions like Citibank believe that 2025 could become the "Year of Alts."

Key tracks and targets worth paying attention to

Not all alts will rise and fall together; funds will prefer tracks with fundamentals and institutional recognition.
1 Ethereum (ETH) and its ecosystem: Ethereum is the preferred choice for institutions to allocate crypto assets through ETFs (BlackRock's ETHA attracted $10 billion in 10 days), and its Layer 2 solutions (such as Arbitrum, Optimism), liquid staking (Lido), and RWA (real-world assets) sectors will directly benefit from institutional capital inflows.
2 AI+Web3 integration projects: For example, Worldcoin (WLD) and others, these types of projects combine technological innovation with practical application scenarios, attracting significant institutional attention and pre-sale funding.
3 High-performance public chains and cross-chain facilities: such as Aptos (APT), Core (CORE), etc., which have been included in the watchlist by institutions like Grayscale due to their high throughput and improved interoperability.
4 Payment and Stablecoin Sector: The clarification of regulations (GENIUS Act) presents a reevaluation opportunity for stablecoin issuers and payment integration projects (such as XRP).

September market "good news fully realized" effect:
1 We need to be cautious that after the Federal Reserve's interest rate cuts or major events like WLFI are truly implemented, the market may experience a short-term peak due to the realization of expectations, leading to profit-taking.
2 High volatility and liquidation risk: Alts have extremely high volatility. Once the market corrects, high-leverage long positions are easily liquidated, exacerbating the decline.
3. Uncertainty of regulatory policies: Although the overall direction is positive, the U.S. SEC's determination of whether certain tokens are considered securities still has variables, which may impact individual projects.
4. Project Differentiation and Elimination:
The end of the bull market will be a process of "survival of the fittest." Memecoins or low liquidity small coins that lack practical applications and fundamentals carry extremely high risks and may face the fate of going to zero or experiencing significant declines.

Investment strategy recommendations In the face of the complex September market, it is recommended to adopt the following strategies:
1 Focus on fundamentals: prioritize selecting alts with technological innovation, strong communities, clear use cases, and institutional endorsements, and stay away from projects that are purely speculative.
2. Staggered Layout and Profit Taking: Avoid making large bets all at once; instead, consider a staggered approach to layout at key support levels. For profitable positions, consider taking profits in batches in September to secure gains.
3 Closely track key signals:
Bitcoin performance: Closely monitor whether BTC can hold the support at $117,000 or effectively break through the resistance at $125,000, as this will be a key indicator of market risk appetite.
Bitcoin dominance index: If this index effectively falls below 50%, it may signal the beginning of capital rotation and the arrival of alts season.
Regulatory news and macro data: Focus on the Federal Reserve's September FOMC meeting resolution, U.S. CPI inflation data, and the progress of related cryptocurrency legislation.