Data: Only about 5% of altcoin supply is in profit, the divergence between Bitcoin and altcoins is unprecedented
ChainCatcher News, Glassnode stated in an article that the relative profit realized by altcoins has dropped to a deep capitulation zone, with only about 5% of the altcoin supply in a profitable state, while the profitability ratio of bitcoin has just begun to decline sharply. This unusual divergence between bitcoin and altcoins is unprecedented in previous cycles.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Americans are starting to use bitcoin mining equipment to heat their homes during winter
Bit Digital releases Q3 financial report: Ethereum holdings increase to 153,547, staking income reaches $29 million
