Bitcoin demonstrates its strength while altcoins clearly lose ground
18:12 ▪ 4 min read
Bitcoin has fallen in recent months, but continues to outperform most altcoins. Glassnode data shows a rotation of capital towards BTC, while Ether, AI tokens, and memecoins have suffered significantly greater losses.
In short
Bitcoin continues to outperform most altcoins as capital flows towards BTC in a risk-averse market.
Altcoins such as Ethereum, AI tokens, and memecoins have suffered significantly greater losses.
The continued concentration of capital around Bitcoin may continue to put pressure on altcoins.
Bitcoin gains strength as capital moves away from altcoins
According to Glassnode, Bitcoin has outperformed most altcoins in the last three months. The data shows that the average profitability in almost all segments of altcoins has been lower than that of Bitcoin, indicating a market environment characterized by caution and risk aversion.
This trend suggests that investors are increasingly concentrating their capital in Bitcoin instead of spreading their exposure among higher-risk assets. In uncertain conditions, BTC remains the primary destination for liquidity.
While some analysts have argued that Bitcoin's dominance decreased in the second half of the year, the market as a whole has failed to establish a new leader. Attempts to recover after deleveraging have lost momentum, leaving the market without a clear support point.
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