Altcoin profit share sinks to 12% as short-term traders take losses

Glassnode's end-October profitability reset put the share of altcoins in profit at 12%, while short-term traders took losses. BlockchainCenter's November 4 breadth reading was neutral. The two measures, covering altcoin profitability and market breadth, leave a broad altcoin recovery unconfirmed. Glassnode and BlockchainCenter supplied the separate data, and neither reading established a wider rebound in the altcoin market; the profit-share figure and the neutral breadth assessment were the signals cited.