Bitcoin Maintains Stability Amid Altcoin Sell-Off

According to Foresight News, analysis by GlassNode indicates that despite recent volatility, Bitcoin's price remains near its starting point. In contrast, altcoins and ERC20 tokens are experiencing significant selling pressure, with all ERC20 sub-sectors underperforming. This trend highlights a general weakness in adoption and market positioning. PCA analysis further reveals that most ERC20 tokens are closely clustered, confirming widespread selling activity. Few tokens have managed to escape the downward trend, as the entire sector is declining in unison, maintaining a high overall correlation.