Market sentiment is an indicator of asset distribution across wallets in specific cycles.
The peak of the bull cycle in altcoin capitalization in 2021 occurred on November 8th, reaching $1.13T.
Fig. 1 - «Altcoin Capitalization Chart, Excluding BTC and ETH (TOTAL3) 1W»
Studying the transaction history of an experienced market participant, Jump Capital, we see that on November 18th, 2021, VGX tokens were sent to the exchange for a total amount of $1.793M (Fig. 2).
Fig. 2 -«Jump Capital Transaction History in November 2021 by ArbitrageScanner»