Altcoin leverage balloons to $44 billion, setting up whipsaw volatility

Altcoin leverage has swelled to unprecedented levels, setting the stage for violent swings if momentum cracks, according to a July 23 report by Glassnode. The report highlighted that the combined f...

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Altcoin leverage balloons to $44 billion, setting up whipsaw volatility

Source: CryptoSlate

Altcoin leverage has swelled to unprecedented levels, setting the stage for violent swings if momentum cracks, according to a July 23 report by Glassnode. The report highlighted that the combined futures open interest across Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE) increased from $26 billion at the start of July to $44 billion, representing […]