Glassnode data hits different:
Short-term altcoin holders took profits hard. Only ~12% of 300+ alts still in profit as of late October, down from ~80% in late September.
Most coins? Sitting in small losses now.
The real test: $BTC needs to hold current levels. If it breaks down, alts bleed harder. If it reclaims structure, we might see relief.
This cycle's resilience? Still unproven. Watch $BTC dominance and liquidity flows closely.
Short-term altcoin holders took profits hard. Only ~12% of 300+ alts still in profit as of late October, down from ~80% in late September.
Most coins? Sitting in small losses now.
The real test: $BTC needs to hold current levels. If it breaks down, alts bleed harder. If it reclaims structure, we might see relief.
This cycle's resilience? Still unproven. Watch $BTC dominance and liquidity flows closely.
