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Important note: The spot trading volume for altcoins has become close to 4 times the trading volume of Bitcoin—this is the highest percentage recorded since [year].
And according to Glassnode data, the rise of this ratio to similar levels has coincided in previous cases with local peaks in Bitcoin.
This does not necessarily mean a new Bitcoin top will happen now, but it is a signal worth monitoring, especially with the sharp increase in altcoin trading activity.
#BTC
Important note: The spot trading volume for altcoins has become close to 4 times the trading volume of Bitcoin—this is the highest percentage recorded since [year].
And according to Glassnode data, the rise of this ratio to similar levels has coincided in previous cases with local peaks in Bitcoin.
This does not necessarily mean a new Bitcoin top will happen now, but it is a signal worth monitoring, especially with the sharp increase in altcoin trading activity.
#BTC
