According to Glassnode, altcoin trading volume surged to 4x $BTC's volume in September, signaling strong speculative activity. That excitement has now faded, with trading volume returning to normal levels. For investors, this suggests speculative demand is weakening. Until trading activity picks up again, chasing altcoin rallies carries a higher risk of failed breakouts. The key is to watch for volume confirmation before expecting a sustained altcoin recovery.
CryptoBusyShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.