A signal worth paying attention to: the total open interest in the altcoin market has already overtaken BTC.
Behind this is the fact that leverage is concentrating in altcoins. A lot of funds have already positioned themselves in long positions in advance, waiting for the next leg up.
Similar situations occurred in December 2024, after which the altcoin market went through a round of intense deleveraging and liquidation.
At this stage, I don’t think the market must necessarily top out immediately, and another 20% upside isn’t impossible. But with the longs so crowded, the biggest fear is a reverse wick— the real risk isn’t that prices can’t rise, but that when everyone is waiting for a rally, a sudden sell-off clears leverage.
Next, suggestions for altcoin trading: don’t chase after price spikes, and don’t open leverage. It’s better to miss the move than to be the one liquidated.$BTC $P $FET
👇
Behind this is the fact that leverage is concentrating in altcoins. A lot of funds have already positioned themselves in long positions in advance, waiting for the next leg up.
Similar situations occurred in December 2024, after which the altcoin market went through a round of intense deleveraging and liquidation.
At this stage, I don’t think the market must necessarily top out immediately, and another 20% upside isn’t impossible. But with the longs so crowded, the biggest fear is a reverse wick— the real risk isn’t that prices can’t rise, but that when everyone is waiting for a rally, a sudden sell-off clears leverage.
Next, suggestions for altcoin trading: don’t chase after price spikes, and don’t open leverage. It’s better to miss the move than to be the one liquidated.$BTC $P $FET
👇
