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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
2026-07-07 01:22:35

Altcoins Split Sharply as BNX Draws Heavy Shorts and COAI Longs Top 83%

Altcoins are showing sharp divergence, with BNX and other illiquid tokens heavily shorted while COAI leads crowded long positioning above 83%. Despite isolated speculative bets, overall altcoin open interest remains subdued and market leadership still leans toward Bitcoin.

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Altcoins Split Sharply as BNX Draws Heavy Shorts and COAI Longs Top 83%