[Glassnode: Short-Term Holders Sold at a Loss on Most Altcoins] According to a report by BeInCrypto on November 10th, Glassnode data shows that as of the end of October, only about 12% of the more than 300 tokens it tracks sold at a profit, compared to about 80% at the end of September. Short-term holders are those who have held tokens for less than 155 days. The report cites Glassnode's chief analyst, AntiFragile, stating that the ratio of altcoin spot trading volume to Bitcoin was close to 4 times near its September high, dropping to about 3 times by the end of October. Glassnode believes that if Bitcoin closes above $85,000 for several consecutive days, the $84,000 to $85,000 resistance zone may turn into support; if it continues to fall below $73,000, it may enter a longer period of consolidation.