๐ More than 75% of altcoins are still at a loss (below their purchase price), according to Glassnode.
Historically, this has been considered a potentially bullish signal, suggesting there may still be considerable room for the altcoin market to recover. ๐
Market tops have generally formed when more than 90% of altcoins are in profit, indicating widespread optimism and potentially overheated conditions.
๐ Takeaway: The altcoin market may still have room to grow if demand strengthens, but a sustained recovery will be key to confirming the trend.
#Rune #Near #hype #LINK
Historically, this has been considered a potentially bullish signal, suggesting there may still be considerable room for the altcoin market to recover. ๐
Market tops have generally formed when more than 90% of altcoins are in profit, indicating widespread optimism and potentially overheated conditions.
๐ Takeaway: The altcoin market may still have room to grow if demand strengthens, but a sustained recovery will be key to confirming the trend.
#Rune #Near #hype #LINK