Altcoins are moving again. Open interest is rising. So… awakening?
Ethereum, Solana, Ripple, are coming back to the arena like the trio from the Bible of Web3.
Open interest in futures is rising again. Do you know what that means? It means that people are betting again. And when people are betting, it means someone knows which way the wind is blowing, or at least pretends to know.
So:
There was a decline. Like, “that’s it, altcoins are dead.”
Three days have passed.
Boom! Already $44.2 billion in contracts. Almost like last week when it was 45. So, the panic lasted exactly one weekend.
Ethereum is a real boxer:
It jumps back and forth, as if it has a twitch from the gas fees. Volatility? It lives for it. ETH is like that old friend who seems like a decent guy, but constantly gets into some nonsense.
Solana and Ripple are calm as a Swiss cow.
They just stand there. Mooing. But they are not falling. And this, by the way, is a sign of strength. When everyone in crypto is screaming “bottom! bottom!”, and you stand like a statue, it means you either have titanium balls, or you are as centralized as North Korea. (Hi, XRP!)
But let's look at the essence: why is this important?
When open interest is rising, it’s not just numbers. It means that money is coming back. Speculators, institutions, your neighbor with Binance and a short on their entire salary, they are all back in the game. And if you think it's a coincidence, then you haven’t been in this market in 2017. Or in 2021. Or… yesterday.
This means that movement is ahead. It could be a pump. It could be a dump. Or it could be a flat trend the size of the Nevada desert. But in any case, the market is coming alive, and it is interesting again. And we are here for that. For the adrenaline. For X10. For the dream.
(And for the sake of someday selling my SOL not at a minus 40%, but at least at zero.)
