Glassnode: The spot trading volume of altcoins has reached 4 times that of Bitcoin, and Bitcoin may reach a stage peak

Glassnode stated that spot traders are turning to the altcoin market. Data shows that the current spot trading volume of altcoins is about 4 times that of Bitcoin's spot trading volume, reaching the highest level since September 2025.

Glassnode indicated that the demand for higher-risk assets has increased, a phenomenon that has historically been associated with the formation of Bitcoin's cyclical tops.