#BOJRaisesRatesTo31YearHigh
A market metric suggests that altcoins still have room to rise.
$BNB The altcoin market continues moving forward without, for now, showing one of the overheating signals that accompanied previous episodes of high speculation. According to Glassnode, the weight of altcoin open interest relative to bitcoin remains far from its historical risk threshold—a difference that suggests the recent move is not yet supported by excessive leverage.
$SOL Key points:
▫️Altcoin leverage continues to stay below the risk threshold identified by Glassnode in previous episodes of heavy speculation.
▫️The warning signal appears when altcoin open interest approaches that of bitcoin, greatly reducing the gap between the two.
▫️The current gap remains wide enough that Glassnode believes altcoins may still have room to extend their gains.
$ETH However, the current reading reflects a different situation. The altcoin market still does not show the level of leverage associated with previous overheating episodes, so the evolution of open interest will be one of the main variables to watch in order to determine when momentum begins to enter a higher-risk phase.
A market metric suggests that altcoins still have room to rise.
$BNB The altcoin market continues moving forward without, for now, showing one of the overheating signals that accompanied previous episodes of high speculation. According to Glassnode, the weight of altcoin open interest relative to bitcoin remains far from its historical risk threshold—a difference that suggests the recent move is not yet supported by excessive leverage.
$SOL Key points:
▫️Altcoin leverage continues to stay below the risk threshold identified by Glassnode in previous episodes of heavy speculation.
▫️The warning signal appears when altcoin open interest approaches that of bitcoin, greatly reducing the gap between the two.
▫️The current gap remains wide enough that Glassnode believes altcoins may still have room to extend their gains.
$ETH However, the current reading reflects a different situation. The altcoin market still does not show the level of leverage associated with previous overheating episodes, so the evolution of open interest will be one of the main variables to watch in order to determine when momentum begins to enter a higher-risk phase.
