Glassnode reveals a decrease in the value of the low value of bitcoin amid bitcoin stability

New data from Glassnode revealed that the global Altcoin market is subject to one of the most severe value in history.

Meanwhile, Bitcoin (BTC) remained relatively stable despite fluctuating price fluctuations. This shows a blatant spacing between the largest encrypted currency and the broader Altcoin sector.

Altcoins faces a reduction in its historical shrinkage value

The most recent newsletter on Glassnode on the Bitcoin Stecker Series last week. The conditions of the macroeconomic economy, including the proposed definitions of President Trump in Canada, Mexico and China, were listed as the facts driving behind them.

These geopolitical tensions have created an uncertain environment for investors. In addition, the continuous power of the US dollar contributed to a restricted liquidity environment.

Despite these fluctuations, bitcoin showed relative stability, fluctuating between less than 93,000 dollars and the highest 102,000 dollars. This indicates a side market in general.

Glassnode analysis attributed stability to increase liquidity and greater capital flows, which compensate for the growing momentum.

“The increasing presence of patients with patients is more flexible and patients that contributed to the stability of BTC prices, even amid a relatively unstable Macro background”, “Glassnode male.

Unlike the relative bitcoin elasticity, Altcoins faced great challenges. Using the main component analysis (PCA), Glassnode announced that most ERC-20 codes have been closely assembled, indicating a wide sale across Altcoin Market.

This indicates that a few altcoins have managed to avoid volatility and move independently.

“The Altcoin sector took the heaviest of relative losses during the contraction period, as it witnessed the maximum global Altcoin market one of its biggest disruption in the registration,” says the newsletter.

The severity of this sale was clear in the global market value of Altcoin, which saw a decrease of $ 234 billion over 14 days. However, Glassnode acknowledged that this decrease was not as severe as previous accidents. This included the migration of the great miners in May 2021, collapsing Luna/Ost and 3ac in late 2022.

Is Altcoin still a possibility?

Meanwhile, the X encryption analyst drew attention to a frequent trend in encryption cycles. The analyst highlights that bitcoin dominance reaches its climax as it reaches its highest levels ever, while Altcoin dominates the lowest levels. This stage often creates a sense of despair among Altcoin investors, who feel late in the course.

However, based on the previous trends, the analyst revealed that Bitcoin dominance usually decreases after its second big price jump to new standard levels. This is followed by an increase in the dominance of altcoin.

“I still expect the dominance of bitcoin and the increase in the dominance of altcoin,” mail Read.

However, the analyst taught that the current cycle is more intense due to more altcoins and less investors who carry bitcoin at higher prices. Thus, the flow of money Bitcoin follows first, then the main altcoins, and finally, low and low altcoins, altcoins.

Another analyst also indicated a great signal for the Altcoin season.

“Some altcoins separate from Bitcoin for the first time since 2022 – this is the first sign of the bull run!” he I mentioned.

The analyst believes that large Altcoin gatherings are likely to be officially announced the bitcoin. It is expected that Bitcoin’s profits will flow to Altcoins, which may lead to the Altcoin season.