Glassnode: Altcoin Speculation Has Cooled, November Could Bring a Rally
- —Altcoin spot volume is roughly 3x Bitcoin's, down from ~4x in late September
- —TOTAL3 must hold the $716–767 billion support to keep its bullish structure
- —Bitcoin dominance sits at 60.52%; the Altcoin Season Index is 64 versus a 75 threshold
- —Altcoin monthly momentum turned positive for the first time since 2020
Why it matters: If TOTAL3 holds support and Bitcoin dominance falls, capital could rotate into altcoins; ETF outflows or a BTC correction would delay the rally.
Source: AMBCrypto