Glassnode: Altcoin Volume Normalizes Post-September Spike

Glassnode data shows altcoin trading volume has returned to normal levels. Through September total altcoin volume spiked to 4x Bitcoin's, marking a clear period of speculative froth that coincided with the local market top as BTC peaked around 87k.

Bitcoin currently sits at $75273.92 inside a bearish trend structure. Price remains below the EMA50 at $76663.9 and the EMA200 at $79860.53, both acting as concrete resistance layers. The MACD registers a bullish golden cross at -582.71 while RSI(14) holds neutral at 44.81, indicating momentum has not yet flipped decisively.

With price testing the upper Bollinger band resistance at $76804.02 and the lower band support at $74257.18, a healthy retracement toward the 50-EMA level appears probable before any sustained continuation attempt.