Altcoin Market Assessment from Glassnode and Bankless

At a time when interest in altcoins in the cryptocurrency market is increasing, a remarkable evaluation came from Glassnode.

The blockchain data analysis company reported that leverage levels in the altcoin market remain below levels seen in past periods of market overheating.

According to Glassnode, during periods when the market is overheated, the difference between the share of altcoins and Bitcoin's share in the total open positions in the futures market decreases to a few percentage points.

Current data shows that this level has not been reached yet. The company stated that this outlook may indicate that the upward potential in the altcoin market is not exhausted.

Bankless co-founder: Altcoin season has begun

On the other hand, another remarkable assessment of the altcoin market came from Bankless co-founder and presenter David Hoffman.

In his post on his X account, Hoffman said that the altcoin season has begun and a real breaking point in the market has come earlier than he expected.