OPN

2026-07-07 01:29:18

Altcoins Diverge as Traders Heavily Short BNX and Crowd Into COAI Longs

Altcoin positioning is sharply diverging, with BNX leading the most crowded shorts while COAI attracts over 83% long positioning. Despite isolated speculative interest, overall altcoin open interest remains subdued, reflecting a cautious market dominated by Bitcoin.

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Altcoins Diverge as Traders Heavily Short BNX and Crowd Into COAI Longs
2026-07-07 01:29:18

Altcoins Split Sharply as Short Crowding and Breakout Long Bets Intensify

Alphractal data shows a sharp divide in altcoin positioning, with some illiquid tokens heavily shorted and others attracting aggressive long bets near historic lows. Overall altcoin open interest remains subdued, reflecting cautious sentiment despite pockets of speculative activity.

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Altcoins Split Sharply as Short Crowding and Breakout Long Bets Intensify