Currently, the leverage level of altcoins has soared to an all-time high, with the total open interest of mainstream coin contracts reaching 47 billion USD, setting a new record.
The total open interest of global perpetual contracts has climbed to 125.5 billion USD, surpassing last year's peak.
Among them, ETH accounts for 34.35%, while other altcoins collectively account for over 55%—capital is accelerating from Bitcoin into the highly volatile altcoin sector, resulting in a clear market structure tilt, and the signals of altcoin season are becoming increasingly strong🔥🔥🔥
