Glassnode indicates that the Altcoin Cycle Signal has re-entered the altcoin season. Usually, the altcoin season is accompanied by a strong Bitcoin, but this time is different: the selling pressure on altcoins has eased, and Bitcoin has sharply retraced. The return to altcoin season is mainly driven by Bitcoin's weakness, rather than a broad rally in altcoins.

BTC-1.63%
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