Glassnode: BTC-altcoin decoupling deepens

On-chain analytics firm Glassnode noted that altcoins have entered a capitulation phase, with only 5% of the total supply currently in profit. The firm added that while the percentage of profitable altcoins has stabilized at a certain level, BTC profitability has just begun to decline sharply. Glassnode highlighted that this divergence between BTC and altcoins is a phenomenon not observed in previous cycles.