The global altcoin market is experiencing a significant devaluation, while Bitcoin remains relatively stable. Glassnode's analysis attributes Bitcoin's stability to increased liquidity and larger capital flows. In contrast, most ERC-20 tokens are closely clustered, indicating a broad-based sell-off across the altcoin market. The severity of the sell-off is evident in the decline of the global altcoin market capitalization. However, a crypto analyst predicts that altcoins will rally as Bitcoin's dominance declines. Another analyst believes that some altcoins are decoupling from Bitcoin, signaling the start of an altcoin season.



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