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Glassnode states that the altcoin cycle signal has shifted from Bitcoin dominance to an altcoin season.
glassnode: Altcoin cycle signal shifts from Bitcoin dominance to altseason
PANews, September 22: glassnode stated that the signal for the altcoin cycle has just shifted from Bitcoin dominance to altseason. During the first rally in August, altcoins performed relatively flatly despite fluctuations in Bitcoin prices. However, today's rally has fully ignited the altcoin market.
Source: https://www.panewslab.com/zh/articles/01a0c81f-15e6-71c9-9306-75b7d8ec8f28
PANews, September 22: glassnode stated that the signal for the altcoin cycle has just shifted.
The signal shifted from Bitcoin dominance to altseason.
During the first rally in August, altcoins performed relatively flatly despite fluctuations in Bitcoin prices.
Today's rally has fully ignited the altcoin market.
The following is analysis, separate from reported facts. Verify important claims independently.
This content means: Glassnode observed that recent market performance has shifted from Bitcoin being more dominant to altcoins overall performing more actively.
If this assessment holds, market attention may shift more toward altcoins.
Beginners can understand this as market attention potentially spreading from Bitcoin to other cryptocurrencies.
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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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