Coinalyze data shows that altcoin open interest (OI) now accounts for a larger share than Bitcoin in total crypto futures and options OI, a shift not seen in over a year. The development may indicate changing trader preferences and capital flows in the derivative market.
Altcoin open interest (OI) now holds a bigger slice of total cryptocurrency futures and options OI than Bitcoin, based on Coinalyze data. First time in more than a year. That means altcoin dominance in OI has moved past Bitcoin's. The metric tracks the total value of outstanding derivative contracts, a plain read on market sentiment and where capital is being put.
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