Last September, altcoin trading was significantly busier than Bitcoin’s, with spot volume reaching as high as four times Bitcoin’s volume, according to Glassnode data. But something interesting occurred during that period: the surge in altcoin activity happened while Bitcoin was trading around $87,000—a level that later became the market’s local peak. Now, the ratio has declined to about three times and is once again approaching its historical average, indicating that the earlier surge in altcoin trading has significantly subsided. In other words, when altcoins were experiencing their busiest trading period, the market was actually nearing its peak. #CryptoTrading #OnChainData
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