๐ Glassnode published a new report (link) and highlighted that altcoins were hit the hardest during the recent correctionโtheir market capitalization saw one of the largest drops in history (-$234B). ๐ซ๐ต
Bitcoin also faced pressure, but most realized losses came from short-term $BTC holders.
The market environment is becoming more challenging: high volatility and continued pressure on altcoins could impact future market dynamics. ๐ค