Altcoins are now outpacing Bitcoin.
For the first time in a long while, altcoins are capturing a significant share of Total Open Interest compared to BTC.
This indicates that market leverage and speculation are currently flowing heavily into the altcoin sector.⚡ Major price movements 🔥 Higher volatility 💰 Potential for explosive altcoin rallies
🩸 However, the risk of brutal liquidations is also very high.
👉 The market is gradually becoming altcoin-driven. And when leverage shifts to altcoins, the subsequent move can be extremely aggressive.
👉we cannot immediately turn bullish based solely on this leverage-driven altcoin indicator...if BTC crosses $83K—ideally before or after the CPI data release on Friday—then we could truly witness a significant pump in altcoins.
For the first time in a long while, altcoins are capturing a significant share of Total Open Interest compared to BTC.
This indicates that market leverage and speculation are currently flowing heavily into the altcoin sector.⚡ Major price movements 🔥 Higher volatility 💰 Potential for explosive altcoin rallies
🩸 However, the risk of brutal liquidations is also very high.
👉 The market is gradually becoming altcoin-driven. And when leverage shifts to altcoins, the subsequent move can be extremely aggressive.
👉we cannot immediately turn bullish based solely on this leverage-driven altcoin indicator...if BTC crosses $83K—ideally before or after the CPI data release on Friday—then we could truly witness a significant pump in altcoins.
