Short-term altcoin holders shift from profit to loss

Community Trust Score Verified 83 % Real Verified 18 votes Updated 10 minutes ago Profitable spending by short-term holders covered roughly 12% of tokens tracked by Glassnode by late October, down from 80% in late September, a November 4 report shows. The decline marks a shift in behavior among recent altcoin buyers, who moved from realizing gains to accepting losses. Glassnode monitors over 300 tokens using the short-term-holder spent output profit ratio (STH-SOPR) to track whether holders sell at a profit or loss. In late September, a spot-led rotation into altcoins saw many recent holders sell for a profit.

Source: The Currency Analytics