#altcoins
#altsesaon
#BTC
#ONDO
#LINK
Is an important cycle signal active in the altcoin market?
According to Glassnode data, the altcoin cycle signal has shifted from "Bitcoin Season" to "Altcoin Season" as the recent market rally expands from Bitcoin to other digital assets.
The key point is that during the previous bullish wave, especially in August, the majority of market movement was held by Bitcoin, and many altcoins could not keep pace with BTC.
However, in the current move, conditions seem different: with the continuation of Bitcoin's rise, market participation scope has broadened, and capital inflow/demand is also being seen in many altcoins. Glassnode views this shift in "market breadth" as one of the key structural indicators of the current market.
#altsesaon
#BTC
#ONDO
#LINK
Is an important cycle signal active in the altcoin market?
According to Glassnode data, the altcoin cycle signal has shifted from "Bitcoin Season" to "Altcoin Season" as the recent market rally expands from Bitcoin to other digital assets.
The key point is that during the previous bullish wave, especially in August, the majority of market movement was held by Bitcoin, and many altcoins could not keep pace with BTC.
However, in the current move, conditions seem different: with the continuation of Bitcoin's rise, market participation scope has broadened, and capital inflow/demand is also being seen in many altcoins. Glassnode views this shift in "market breadth" as one of the key structural indicators of the current market.