Bitcoin profit declines amid stabilization of altcoin profits: Glassnode
Crypto Briefing
Bitcoin profits are declining while altcoin profits have stabilized, showing an unusual divergence in market performance.Summary
According to Glassnode, Bitcoin profits are currently declining during a deep capitulation phase, which contrasts with the stabilization observed in altcoin profits. This divergence marks an atypical break from standard market correlation where Bitcoin and altcoins usually move in tandem during significant market phases. While the overall crypto market shows continued pressure and capitulation signs, the stagnation in altcoin profits, driven by the underperformance of most altcoins, highlights this unique split in performance relative to Bitcoin's ongoing losses.
(Source：Crypto Briefing)