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Altcoin Profit Share Drops to 12 Percent as Short-Term Holders Sell at a Loss
(3 hours ago) · 1 source · Summarized by CryptoBipto
The share of altcoin supply held in profit has fallen to approximately 12 percent, driven largely by short-term traders selling at a loss. The metric reflects broad weakness across altcoin markets outside of Bitcoin and Ethereum.
WHY IT MATTERS
In crypto, an altcoin is any cryptocurrency other than Bitcoin (and sometimes Ethereum).
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SOURCES
- cryptoslate.com
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