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According to the report, Glassnode said altcoin trading volume had returned to normal, and September had once reached 4 times that of Bitcoin.
Glassnode: Altcoin Trading Volume Has Returned to Normal Levels
BlockBeats news,November 10, Glassnode said in a post that altcoin trading volume has returned to normal levels.September During 4 times that of Bitcoin. Speculative altcoin activity coincided with a local market top, when Bitcoin's price peaked at approximately 87000 USD.
Original source:https://m.theblockbeats.info/flash/376470
In a report on November 10, BlockBeats quoted Glassnode as saying that altcoin trading volume had returned to normal levels.
September During 4, total altcoin trading volume rose to as much as
The original report said speculative altcoin activity coincided with a local market top, when Bitcoin's price peaked at approximately 87000 USD。
The following is analysis, separate from reported facts. Verify important claims independently.
The report describes a change in trading volume: altcoins were highly active during September, and Glassnode says their trading volume has now returned to normal. The original report noted that speculative activity coincided with a market top, but did not establish a causal relationship between the two.
This provides an indication of altcoin trading activity, but the return of trading volume to normal levels alone does not establish the direction of future prices.
Distinguish between trading volume and price: a return to normal trading volume does not mean prices will necessarily rise or fall, and a historical coincidence with a market top does not confirm the current trend.
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Refers to cryptocurrencies other than Bitcoin, which may be built on dedicated blockchains or use existing networks.
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