Altcoins have staged a significant recovery, adding $130 billion to their market cap within 24 hours following a sharp sell-off on October 11. The total market cap rose from $1.48 trillion to $1.61 trillion, with major tokens like ADA, LINK, XRP, and DOGE experiencing double-digit gains. In contrast, Bitcoin's increase was a modest 6.3%. The Altcoin Season Index, which measures the performance of altcoins relative to Bitcoin, ticked up from 40 to 41, suggesting a potential early-stage rally. During the recent market turmoil, over $19.5 billion in leveraged positions were liquidated, prompting traders to redirect capital towards higher-beta assets.