Glassnode: Altcoin profit share drops to 12 percent

Community Trust Score Verified 82 % Real Verified 45 votes Updated 7 minutes ago Profitable short-term-holder spending covered about 12% of Glassnode’s tracked tokens by end-October, a sharp decline from the 80% recorded in late September, according to the on-chain analytics firm. In a report dated November 4, 2026, titled “Idling at Support,” Glassnode detailed the shift in market behavior among recent altcoin holders. The firm uses the short-term-holder spent output profit ratio (STH-SOPR) to determine whether holders sell at a profit or a loss. A reading above 1 indicates profitable spending, while a reading below 1 indicates loss-making spending.

Source: The Currency Analytics