A reminder: recently, the open interest on imitation coin contracts has already exceeded $BTC .
The last time something similar happened was in December 2024, and then a large-scale cleanup of leveraged positions came right after.
Now it can be understood the same way: a lot of money in the market is piled up on altcoin long positions, and everyone is waiting for this final leg of the rally.
Usually, at times like this, the overall altcoin market will suddenly take a violent dip—like a sharp downward spike—first to clear the leverage, and then it will rise again.
So lately, I’ve been much more cautious with altcoins, and I’ll try not to open high-leverage altcoin contracts.
The last time something similar happened was in December 2024, and then a large-scale cleanup of leveraged positions came right after.
Now it can be understood the same way: a lot of money in the market is piled up on altcoin long positions, and everyone is waiting for this final leg of the rally.
Usually, at times like this, the overall altcoin market will suddenly take a violent dip—like a sharp downward spike—first to clear the leverage, and then it will rise again.
So lately, I’ve been much more cautious with altcoins, and I’ll try not to open high-leverage altcoin contracts.
