Open interest in altcoins rose from \$30 billion to \$38.6 billion in two weeks — almost catching up to Bitcoin (\$40 billion). Traders are 'switching' from BTC to altcoins, anticipating volatility after the Fed's rate decision. But this could be a trap.
Altcoins: \$38.6 billion
Bitcoin: \$40 billion
Ethereum: \$30 billion
Increase of \$8.6 billion since September 1
Growth of 1-week ATM implied volatility
Increase 25-delta skew — a signal of anticipation for sharp movements
The decision on the rate — on Wednesday
A decrease of 25–50 bps is expected.
Pressure from the Trump administration is increasing
Retail investors may perceive a rate cut as a bullish signal
Large players — on the contrary, are opening shorts, preparing for liquidations
Altcoins — are not just assets. They are emotional indicators.
When traders massively switch to alts — it is not greed, it is the search for alternative logic.
They do not believe in BTC as a protection. They believe in volatility as an opportunity.
The Fed — is not just a regulator. It is the architect of short-term reality.
And if it gives the market 'less than expected' — altcoins may become the epicenter of the liquidation storm.
But if the rate is sharply reduced — the alt-season may not start with memes, but with algorithms.
The market is overloaded with leverage, especially in alts.
This is not just trading — this is a ritual of anticipation.
Volatility — is not a threat, but a form of market cleansing.
The next step — is not to guess the rate, but to synchronize the strategy with the risk architecture.
Altcoins — like a mirror of collective intention.
The Fed — as a trigger for restarting meanings.
#IXIAPC #AltcoinLeverage #ФРС2025 #CryptoVolatility #EthereumIsMurth
