🚨 Altcoins have hit their "pain point" — the market is once again experiencing a massive sell-off.
glassnode reports an important signal for altcoins:
📌 SOPR for the top 500 coins has reached 1.0.
This means the average investor in altcoins has finally broken even for the first time in a long while.
And this is the highest SOPR since BTC was near its historical highs.
When SOPR = 1:
➡️ People who have been deep in the red finally have a chance to exit without losses.
➡️ And they are hitting the "sell" button en masse to close out their painful positions.
That’s why the market has seen a wave of sell-offs.
Why this is dangerous for alt season:
According to glassnode:
🔻 The typical holder of altcoins has been locking in losses since late 2024.
In other words, the market has been in a "hold and pray" mode for nearly a year.
And when the chance to break even appears — a supply dump begins, which pressures the price.
Right now, altcoins have hit a psychological zone:
⚠️ Either the market will digest this pressure and move higher,
⚠️ Or the selling will continue and we’ll see another dump.
That’s why the current rise in altcoins looks fragile.
This is not financial advice.
$ETH $BNB #altcoins #trading
glassnode reports an important signal for altcoins:
📌 SOPR for the top 500 coins has reached 1.0.
This means the average investor in altcoins has finally broken even for the first time in a long while.
And this is the highest SOPR since BTC was near its historical highs.
When SOPR = 1:
➡️ People who have been deep in the red finally have a chance to exit without losses.
➡️ And they are hitting the "sell" button en masse to close out their painful positions.
That’s why the market has seen a wave of sell-offs.
Why this is dangerous for alt season:
According to glassnode:
🔻 The typical holder of altcoins has been locking in losses since late 2024.
In other words, the market has been in a "hold and pray" mode for nearly a year.
And when the chance to break even appears — a supply dump begins, which pressures the price.
Right now, altcoins have hit a psychological zone:
⚠️ Either the market will digest this pressure and move higher,
⚠️ Or the selling will continue and we’ll see another dump.
That’s why the current rise in altcoins looks fragile.
This is not financial advice.
$ETH $BNB #altcoins #trading