Benson Sun: Altcoin leveraged contract open interest reduced significantly amid recent declines
On April 24th, news came that crypto KOL Benson Sun posted on platform X stating that Bitcoin has returned to above $66,000. However, the open positions of altcoin contracts are lower than when Bitcoin was at $40,000. After the significant drop on April 13th-14th, this round of bull market may have undergone a thorough cleansing of altcoin leverage, and the season for altcoins may be approaching.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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