Summary
- Glassnode reported that open interest in altcoin futures has reached a record high, totaling around $61.7 billion.
- Glassnode stated that open interest increased by $9.2 billion in just one day.
- Glassnode noted that the sharp rise in altcoin leverage points to increased volatility and greater market vulnerability.
The size of open interest (OI) in altcoin futures has reached an all-time high.
On the 25th (local time), Glassnode announced on X (formerly Twitter) that "the total open interest in altcoin futures has hit a record high," adding, "This amounts to approximately $61.7 billion (₩85,602.5 billion)."
They further stated, "Open interest increased by $9.2 billion in a single day," and added, "This surge in altcoin leverage indicates increasing volatility and growing market vulnerability."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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