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Glassnode data: Only 5% of altcoin supply remains profitable in deep capitulation zone
On-chain analytics from Glassnode indicate that only about 5 % of the supply of the top 500 altcoins currently trades in profit, signaling a deep capitulation phase in the broader crypto market. Meanwhile, Bitcoin profit levels are also beginning to decline sharply. The divergence between Bitcoin and altcoins is the strongest observed in recent cycles and points to heightened volatility ahead.
Traders and institutional participants may be forced into liquidation or risk-off posturing as the maturity of digital-asset cycles becomes more complex.
Explore:Mutual Fund Home
negative
Glassnode data: Only 5% of altcoin supply remains profitable in deep capitulation zone
On-chain analytics from Glassnode indicate that only about 5 % of the supply of the top 500 altcoins currently trades in profit, signaling a deep capitulation phase in the broader crypto market. Meanwhile, Bitcoin profit levels are also beginning to decline sharply. The divergence between Bitcoin and altcoins is the strongest observed in recent cycles and points to heightened volatility ahead.
Traders and institutional participants may be forced into liquidation or risk-off posturing as the maturity of digital-asset cycles becomes more complex.
Explore:Mutual Fund Home
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Glassnode data: Only 5% of altcoin supply remains profitable in deep capitulation zone
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Only around 5% of altcoins are profitable, pointing to crypto market deep capitulation and high volatility ahead.
On-chain analytics from Glassnode indicate that only about 5 % of the supply of the top 500 altcoins currently trades in profit, signaling a deep capitulation phase in the broader crypto market. Meanwhile, Bitcoin profit levels are also beginning to decline sharply. The divergence between Bitcoin and altcoins is the strongest observed in recent cycles and points to heightened volatility ahead.
Traders and institutional participants may be forced into liquidation or risk-off posturing as the maturity of digital-asset cycles becomes more complex.
On-chain analytics from Glassnode indicate that only about 5 % of the supply of the top 500 altcoins currently trades in profit, signaling a deep capitulation phase in the broader crypto market. Meanwhile, Bitcoin profit levels are also beginning to decline sharply. The divergence between Bitcoin and altcoins is the strongest observed in recent cycles and points to heightened volatility ahead.
Traders and institutional participants may be forced into liquidation or risk-off posturing as the maturity of digital-asset cycles becomes more complex.
Companies:
Glassnode
Tags:
crypto
altcoins
crypto
altcoins
on-chain analytics
Bitcoin
profitability