$ZEC directly surged to the top of the futures coin hotness leaderboard, with BTC and ETH left far behind. This long-established privacy coin suddenly revived—there’s definitely more to it than just technical factors.
A bunch of long-missing faces also appeared on the futures hotness list: $LSK and $INJ collectively moved up, with capital rapidly rotating among altcoins. The last time I saw these coins all make the list was during the previous bull cycle—hot money is already starting to spread to less mainstream targets.
Even more striking: a big player is shorting HYPE and Sandisk, and the combined unrealized loss across the two positions is over $7.5 million. Whether to keep holding or cut the loss, either way is painful.
With the privacy-coin narrative on top of Hong Kong’s plan to pilot tokenization of RWA foreign exchange fund notes by the end of the year, the story is getting more complex. Signals for the altcoin season are appearing more frequently—but every time it looks like it’s about to arrive, something always comes along to interrupt it.
A bunch of long-missing faces also appeared on the futures hotness list: $LSK and $INJ collectively moved up, with capital rapidly rotating among altcoins. The last time I saw these coins all make the list was during the previous bull cycle—hot money is already starting to spread to less mainstream targets.
Even more striking: a big player is shorting HYPE and Sandisk, and the combined unrealized loss across the two positions is over $7.5 million. Whether to keep holding or cut the loss, either way is painful.
With the privacy-coin narrative on top of Hong Kong’s plan to pilot tokenization of RWA foreign exchange fund notes by the end of the year, the story is getting more complex. Signals for the altcoin season are appearing more frequently—but every time it looks like it’s about to arrive, something always comes along to interrupt it.