Glassnode co-founder: The altcoin market cap index holds key support levels, which may indicate the start of a new upward trend

ChainCatcher news, according to an analysis by Glassnode co-founder Negentropic, during the recent market adjustment, the total market capitalization index of altcoins (Total 3) successfully held key support levels, with multiple altcoins showing signs of final sell-off.

With Bitcoin's market cap reaching a 4-year high, the maintenance of the Total 3 index trend indicates that off-exchange funds are continuously accumulating, which may signal the altcoin market is about to enter a new round of upward momentum.