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Glassnode Glassnode @glassnode · 44.2K subscribers
Post #1777 5.12K
Altcoin Cycle Signal update: the altcoin signal remains firmly in "altcoin season". This is strength beyond the denominator effect we described last month. Alts remain strong both on a relative and absolute basis.
https://glassno.de/3RhFoXG

Quoting @glassnode:
The Altcoin Cycle Signal is back in Altcoin Season. The typical version of this print has alts running while BTC stays bid. Currently, we see alts running out of sellers after nearly two years and BTC drawing down aggressively. For now, the BTC side is still doing most of the work.
https://glassno.de/4eIE8Vr
Glassnode Studio BTC Altcoin Cycle Signal Chart - Glassnode **Definition.** The Altcoin Cycle Signal measures whether the market favors bitcoin versus all altcoins. It is based on price data of the top 250 altcoins by market capitalization (excluding stablecoins) and is meant to be largely agnostic to which altcoins…
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