TechFlow reported, according to analysis by Glassnode co-founder Negentropic, during the recent market correction, the total market cap index of altcoins excluding ETH (Total 3) successfully held a key support level, with multiple altcoins showing signs of final selling pressure.
As Bitcoin's market dominance reaches a four-year high, the Total 3 index maintaining its trend suggests that off-chain funds are continuously accumulating, potentially signaling the beginning of a new upward cycle for the altcoin market.
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