Altcoin profit-taking token share at 12%... down from 80% in a month

Glassnode’s “Idling at Support” report found that only about 12% of more than 300 tracked altcoin tokens had short-term holders selling at a profit at the end of October, down from roughly 80% at the end of September. The metric reflects the share of tokens whose aggregate short-term holder sell volume was in profit, not the share of profitable investors or profitable holdings. Glassnode said the typical token’s short-term holders were selling at a slight loss, signaling that recent buyers are under pressure rather than realizing gains. The drop matters because it shows altcoin speculation has cooled sharply from September’s profit-taking regime, leaving many short-term positions underwater. Traders should watch whether this profit-sell share recovers as a sign of renewed demand, or stays depressed as holders remain defensive.