LATEST: Glassnode says altcoins gained 21% over the past month but still lost 0.9 percentage points of market share to Bitcoin over 90 days, as capital keeps flowing toward BTC first.

What happened

Glassnode reported that altcoins rose 21% over the past month, yet lost 0.9 percentage points of market share to Bitcoin over 90 days, because investors are directing capital toward Bitcoin first.

Confirmed

Global impact / market context

This shows that even when alternative cryptocurrencies rise in price, they still attract a smaller slice of overall market value than Bitcoin, meaning investor confidence remains concentrated in the largest digital asset.

Analyst inference

Over a 90-day period, Bitcoin has been gaining ground on rivals despite recent altcoin gains, suggesting a persistent trend where new money entering crypto tends to favor established Bitcoin over smaller tokens.

Analyst inference

What to watch

1. Watch future Glassnode reports to see if altcoins continue growing in price while losing market share to Bitcoin, indicating whether the trend of capital flowing to BTC first persists. Confirmed
2. Consider monitoring whether altcoin price gains eventually convert into market share growth, which would show investors diversifying beyond Bitcoin rather than merely trading within the altcoin space. Proposed
3. Watch for whether Bitcoin's market share gains slow or reverse, as that could signal a rotation of investor capital from BTC into alternative cryptocurrencies over the coming months. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• x.com