Altcoin Open Interest Reaches All-Time High

Son Min

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."