Altcoin Futures Overtake Bitcoin Open Interest Amid Growing Volatility
The total open interest in altcoin perpetual futures has surpassed that of Bitcoin for the first time since December 2024, signaling potential market volatility.
This crossover often precedes increased market volatility and liquidation events as leveraged exposure reaches fragile levels relative to market capitalization.
Notably, altcoin market cap outside the top ten has grown over 10% since early September.