Altcoin Trading Surges Past Four Times Bitcoin Volume
Altcoin trading volume has surged to nearly four times that of Bitcoin's in recent weeks, sparking concerns about a potential top for the leading cryptocurrency. According to Glassnode, this is the highest relative level since September 2025.
The shift suggests that traders are becoming more risk-tolerant and directing their attention towards altcoins, which have seen larger price swings during the rally. However, Glassnode warns that strong demand for altcoins has often coincided with local peaks in Bitcoin's price.
Bitcoin itself pulled back to around $84,000 after reaching a high of roughly $87,000 last week, despite receiving support from ETF inflows. The market remains divided, with some traders rotating into altcoins while others continue to hold onto their positions.