Altcoin trading volume falls back to normal after September surge to 4x Bitcoin’s

The significance here is less the volume drop itself than the pattern Glassnode is pointing to: altcoin speculation running at four times Bitcoin's volume as a local top formed near $87,000. That framing treats the September surge as a sentiment signal rather than a fundamentals story, and it implies the froth has now cleared without any corresponding note on where capital went. For traders who read volume as a positioning gauge, the open question is whether this normalization marks a pause before activity rebuilds, or the start of a quieter regime.