You didn’t make money from this #altcoin rally? Don’t feel bad, because the data shows that most people haven’t made money either. Glassnode data shows that among the top 500 altcoins by current market capitalization, the median profitable supply is still below 25%. This means that the vast majority of altcoin holders are currently underwater and facing real losses. Historically, true market euphoria tops are usually accompanied by the vast majority of token supply being deeply in profit. But comparing the red-and-green heat map with the blue line on the chart shows that we are still a long way from that point.