Glassnode: Altcoin Trading Volume Returns to Normal Levels

Glassnode reports that altcoin trading volume has returned to normal levels. In September of this year, the total trading volume of altcoins reached four times that of Bitcoin, indicating a significant speculative frenzy in the altcoin market. Such speculative activities typically coincide with local market tops, and this altcoin trading surge aligns with Bitcoin reaching a temporary peak of around $87,000.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.