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We’re all bullish on #altseason ,
but market makers have a different plan — they won’t hand out easy money.
Open interest in alts is now crossing Bitcoin’s open interest, which is a red alert zone. It means traders are more bullish on alts than on BTC.
The same thing happened in March 2024 and November 2024, and we saw sharp drops in the market.
Note: We don’t have comparable data for the 2021 bull run.
I am not bearish, but be careful if you are high leverage trader.