Altcoins are ~19% of crypto's value. They carry ~39% of its open interest. Bitcoin $BTC is ~60% of the value with ~40% of the OI. Alt leverage last ran level with Bitcoin in Dec 2024 and right before 10/10. Both ended the same way: alts flushed, $BTC held. Spot gets paid in the flush.
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Altcoins are ~19% of crypto's value. They carry ~39% of its
Altcoins are ~19% of crypto's value. They carry ~39% of its open interest. Bitcoin $BTC is ~60% of the value with ~40% of the OI. Alt leverage last ran level with Bitcoin in Dec 2024 and right before 10/10. Both ended the same way: alts flushed, $BTC held. Spot gets paid in the flush.
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