🚨 ALTCOIN OPEN INTEREST IS OVERTAKING BITCOIN – A WARNING SIGN?
Open Interest (OI) is the total value of open Long + Short positions that have not yet been settled.
According to data from Coinalyze, the OI share of the altcoin group (excluding ETH) has just surpassed Bitcoin.
This suggests traders are putting more money into altcoins.
Notable history: Back in December 2024, when a similar phenomenon appeared, a number of altcoins were heavily shaken out.
🔸Open Interest vanished by $12.8 billion in just 1 day
🔸The whole market was liquidated by $1.6 - $1.75 billion, mostly Long positions
History may not repeat, but as altcoin leverage is swelling, experts still advise everyone to be cautious.
Share your thoughts below! NFA
$DOS $ARB
Open Interest (OI) is the total value of open Long + Short positions that have not yet been settled.
According to data from Coinalyze, the OI share of the altcoin group (excluding ETH) has just surpassed Bitcoin.
This suggests traders are putting more money into altcoins.
Notable history: Back in December 2024, when a similar phenomenon appeared, a number of altcoins were heavily shaken out.
🔸Open Interest vanished by $12.8 billion in just 1 day
🔸The whole market was liquidated by $1.6 - $1.75 billion, mostly Long positions
History may not repeat, but as altcoin leverage is swelling, experts still advise everyone to be cautious.
Share your thoughts below! NFA
$DOS $ARB
