Bitcoin’s Profit Drop Deepens, Signaling Decoupling in Altcoins

A new analysis from Glassnode reveals a growing divergence between Bitcoin and altcoin profit levels. While Bitcoin’s profits are showing signs of decline, indicating potential weakness, altcoin profitability remains largely stagnant at near-zero levels. This unusual decoupling, marked as ‘deep capitulation territory,’ suggests market stress and a shift in investment trends.