According to BlockBeats, on September 25, the Bitcoin premium index from analysis firm CryptoQuant in South Korea turned negative, dropping to -0.55, marking the largest discount since October 2023. Additionally, data from South Korean trading platforms indicate a shift towards high-beta altcoins, which exhibit greater volatility than the market average.

Markus Thielen, founder of 10x Research, also noted in a recent report that swift-moving traders are seizing the opportunity to buy their preferred altcoins in large quantities, anticipating a strong rally in the fourth quarter. As Bitcoin surpasses $60,000 and aims to break through $65,000, savvy traders have been accumulating undervalued altcoins such as TAO, ENA, SEI, APT, SUI, NEAR, and GRT.