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Glassnode: Only about 5% of the altcoin supply is in profit, unprecedented divergence between Bitcoin and altcoins

2025-11-1615896 Views

November 16th, Glassnode announced that the relative profitability of altcoins has fallen to the deep capitulation zone, with only about 5% of the altcoin supply in a profitable state, while Bitcoin's profitability ratio has just started to decline sharply. This unusual divergence between Bitcoin and altcoins is unprecedented in previous cycles.

Glassnode: Only about 5% of the altcoin supply is in profit, unprecedented divergence between Bitcoin and altcoins

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