According to glassnode, altcoin relative profits are stabilizing in deep capitulation territory, with only about 5% of supply currently in profit. source: https://twitter.com/glassnode/status/1989668646638301206; https://glassno.de/4a0zsJs glassnode reports that Bitcoin’s profits have just started to decline sharply, diverging from altcoins. source: https://twitter.com/glassnode/status/1989668646638301206; https://glassno.de/4a0zsJs glassnode states this BTC-altcoin divergence is unprecedented compared with prior cycles; its percent-supply-in-profit metric quantifies the current relative profitability between BTC and alts for trading analysis. source: https://twitter.com/glassnode/status/1989668646638301206; https://glassno.de/4a0zsJs

According to @glassnode, the percentage of Bitcoin (BTC) supply held in profit has stayed above 90% for over a month. This high proportion of profitable holders often increases the pressure to realize gains, which could impact short-term price action. The current +1 standard deviation of this metric is at 91%, identified as a critical level for traders to monitor. If the percent supply in profit falls below this threshold, it could indicate a stronger market reset, providing a potential signal for both short and long-term trading strategies. Source: @glassnode.