Altcoin spot volume rises to nearly four times Bitcoin volume

Altcoin spot trading volume has climbed to nearly four times $BTC volume, the highest ratio in roughly a year, according to Glassnode.
Glassnode notes that similar spikes in altcoin activity have previously coincided with local Bitcoin tops. The signal suggests increasingly speculative market participation, although historical occurrences do not establish that BTC has reached a local peak this time.