PANews reported on November 16th that, according to Glassnode data, the relative profitability of altcoins (Top 500) is stabilizing in the deep capitulation zone, with only about 5% of the supply in a profitable state, while Bitcoin's profitability has just begun to decline sharply. This unusual divergence between Bitcoin and altcoins is unprecedented in previous cycles. PANews reported on November 16th that, according to Glassnode data, the relative profitability of altcoins (Top 500) is stabilizing in the deep capitulation zone, with only about 5% of the supply in a profitable state, while Bitcoin's profitability has just begun to decline sharply. This unusual divergence between Bitcoin and altcoins is unprecedented in previous cycles.
Glassnode: Only 5% of the supply of the top 500 altcoins is profitable.
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PANews reported on November 16th that, according to Glassnode data, the relative profitability of altcoins (Top 500) is stabilizing in the deep capitulation zone, with only about 5% of the supply in a profitable state, while Bitcoin's profitability has just begun to decline sharply. This unusual divergence between Bitcoin and altcoins is unprecedented in previous cycles.
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