Benson Sun: Altcoin leveraged contract open interest has dropped significantly in recent decline
On April 24th, crypto KOL Benson Sun posted on X platform that Bitcoin has returned to above 66,000 US dollars, but the open positions of altcoin contracts are lower than Bitcoin's at the 40,000 US dollar level. After the significant drop on April 13th-14th, the altcoin leverage of this bull market may have been thoroughly cleaned, and the altcoin season may be coming.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Why is XRP price up today?
Dogecoin eyes 30% gain as market 'prices in' potential Trump victory
Swift, UBS, and Chainlink Team Up to Revolutionize Tokenized Fund Settlements
Polymarket Bettors Go All In Ahead of Trump-Harris Election
Trending news
MoreCrypto prices
More
