Glassnode: Altcoin profit-selling share drops to 12% as short-term holders sell at a loss
Current overview (not historical)
Glassnode data shows that by the end of October, only about 12% of short-term holders across more than 300 tracked altcoins sold at a profit, down from roughly 80% at the end of September, and short-term holders of a typical token have shifted to selling at a slight loss. Glassnode said the indicator by itself cannot determine whether selling pressure is exhausted or predict future price direction, and it does not directly establish new altcoin buying demand or a market bottom. The firm also cautioned that different datasets should not be combined into a single cohort change.
Written with AI from the reporting · updated 11/5/2026
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- 1Conflict-event leadNov 5, 14:46single sourcereport-time onlyrevised
山寨币盈利份额跌至12%，短期持有者转为亏损出售
Read original source ↗ CryptoSlateReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- short-term holders
- Action：
- profit share sank to 12%
- Object：
- altcoin spending
- Occurred (fact side)：
- not recorded
- Published (valid side)：
- Nov 5, 14:20
- First seen (known side)：
- Nov 5, 14:46
Fact stationSingle source · one-sided claimRevisedReport-time onlyCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
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- CryptoSlateRelated fact: single sourceFact occurrence time unverifiedSource report revisedAltcoin profit share falls to 12% as short-term traders take losses
Report first recorded Nov 5, 14:46
Glassnode data shows that by end-October, only about 12% of its more than 300 tracked tokens had short-term holders spending at a profit, down from about 80% in late September, with typical tokens seeing small-loss spending. Separately, BlockchainCenter's November 4 90-day Altcoin Season Index stood at 41, within the neutral 26–74 band, meaning fewer than half of eligible major coins beat Bitcoin over the window. The article cautions that the two measures cover different token universes and periods and do not by themselves confirm fresh altcoin demand or a durable market bottom.
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