News
Short-Term Holders Take Losses in Altcoins
Glassnode reports that short-term holders of altcoins have shifted from profitable spending in late September to selling at a loss by the end of October. Profitable spending covered about 12% of tracked tokens, down from 80% in late September. The change follows a different market backdrop in September, a month that showed a rotation into altcoins. By end-October, typical tracked tokens' short-term holders were selling at a small loss.