On September 7, data from crypto analyst Ted shows altcoin open interest surpasses Bitcoin OI for the first time since December 2024. Ted hints at historical patterns, suggesting rapid altcoin gains could lead to liquidation events.
BlockBeats reported that data shared by crypto analyst Ted on September 7 shows altcoin open interest has moved above Bitcoin open interest in the crypto market for the first time since December 2024.
And Ted added a pointed comment alongside the data: "Do you remember what happened to altcoins after December 2024?" The remark suggests altcoins saw a sharp climb, then liquidation events.
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