Altcoin profit share falls to 12% as short-term traders absorb losses

Altcoin profit-taking has collapsed, with the altcoin profit share falling to 12% as short-term traders absorb losses, according to Glassnode data cited by CryptoSlate. BlockchainCenter's November 4 breadth reading came in neutral, leaving a broad altcoin recovery unconfirmed. Traders should watch whether profit share stabilizes, since continued weakness signals short-term holders capitulating and a market still searching for a bottom.