Altcoin Speculation Peaked With Bitcoin Near $87,000, but Recent Buyers Now Sell at Losses
Glassnode data shows most recent altcoin buyers were selling at a loss by late October, after altcoin volume spiked to nearly 4x Bitcoin's in September. Bitcoin fell about 11% from its $87,100 September high into November 3. The cooling of altcoin speculation signals weaker risk appetite across the market.