Analysis: The market value index of altcoins holds key support levels, which may indicate the beginning of a new round of upward trend

BlockBeats News: On February 6th, Negentropy, co-founder of Glassnode, analyzed that in the recent market adjustment, the total market value index (Total 3) of altcoins except ETH successfully held key support levels, and multiple altcoins showed signs of final selling. With the proportion of Bitcoin market value reaching a four-year high, the Total 3 index maintaining its trend indicates that off exchange funds are continuously accumulating, which may indicate that the altcoin market is about to embark on a new round of upward trend.