Sep 13, 2025
57 11
Altcoin Open Interest Surges, Approaching Bitcoin Levels for First Time
Recent developments in the derivatives market suggest a potential peak in the altcoin market, despite current bullish trends:
- The crypto market cap recently surpassed $4 trillion, with Bitcoin gaining 1.50% and other cryptocurrencies like Ethereum (5.41%), XRP (2.99%), and Solana (5.62%) showing larger gains.
- Altcoins have gained significant interest from derivative traders, leading to a rise in open interest for altcoin derivatives.
- Analyst Ted Pillows notes that altcoin open interest (excluding Ethereum) is about to exceed Bitcoin's for the first time in nine months, indicating a possible altseason.
- Historically, when altcoin open interest surpassed Bitcoin's, local market peaks followed within two weeks; however, this cycle might see a more sustainable rotation between Bitcoin and altcoins due to institutional demand.
- Upcoming approvals of altcoin spot ETFs in October could provide additional liquidity and extend the rally.
Potential Mega Altcoin Rally
- Dutch analyst Michaël Van De Poppe predicts a major altcoin surge, driven by expected lower interest rates as the Gold market consolidates.
- Lower interest rates typically lead investors to move capital to high-risk assets such as cryptocurrencies.
- Currently, the total altcoin market stands at $1.71 trillion, making up about 42.25% of the total crypto market cap.
