Alphractal data reveals extreme divergence in altcoin markets: BNX and EDGE lead short positions while COAI has over 83% longs. Total open interest falls to $12-14B, lowest since summer 2025. Altcoin season index recovers to 51 points.
Alphractal data reveals extreme long/short divergence among altcoins: BNX, EDGE heavily shorted; COAI sees over 83% long positions. Overall open interest drops to $12B-$14B, but altcoin season index rises to 51, hinting at possible rotation.
Altcoin markets are showing sharp divergence, with some illiquid tokens heavily shorted and others seeing aggressive long positioning on breakout expectations. However, overall open interest remains depressed, indicating weak broad market participation despite pockets of speculative activity.
Altcoins are showing sharp divergence in trader positioning. COAI has over 83% long positions, while BNX leads the most shorted tokens. With altcoin open interest still far below past peaks, the market remains weak and highly speculative.
Altcoins are showing sharp divergence in positioning, with BNX leading heavily shorted tokens while COAI tops long interest at over 83%. Despite isolated speculative activity, altcoin open interest remains depressed and capital continues to favor Bitcoin.
After RAVE plunged 95% within hours, on-chain investigator ZachXBT warned that several other tokens may also show signs of supply concentration, contract risk, and questionable trading behavior, increasing pressure on exchanges to strengthen oversight.
After RAVE plunged 95% within hours, on-chain investigator ZachXBT flagged several other tokens including SIREN, MYX, COAI and RIVER for suspicious structures or trading behavior, increasing pressure on exchanges to improve risk controls and protect retail investors.
On-chain investigator ZachXBT said RAVE’s sharp price action may not be an isolated case, naming SIREN, MYX, COAI, M, PIPPIN, and RIVER as showing highly suspicious movements and urging centralized exchanges to respond faster.
