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Glassnode co-founder: The AltCoinMarket Cap index holding the key support level may indicate the start of a new pump trend.
ChainCatcher news, according to Negentropic, co-founder of Glassnode, in the recent market correction, the total market value index of altcoins (Total 3) except ETH has successfully held the key support level, and multiple altcoins have shown signs of dumping in the end. With Bitcoin's market share reaching a 4-year high, the Total 3 index trend indicates that OTC funds are continuing to accumulate, which may indicate the start of a new round of bullish trend in the Altcoin market.