According to Bitfinex Blog, Bitcoin is trading near the True Market Mean, while a tight cost basis range shifts holders from profit to loss and back. Against this backdrop, the primary volatility is occurring in altcoins.

The significance of the report lies in the fact that market movement is described not as a unified shift, but as a divergence between Bitcoin and altcoins. However, since the source is presented only through metadata and a brief synopsis, details regarding the scale and causes of these events require verification against the full article and other sources.