Posted 12/26/2023, 6:56:00 AM
Bitcoin Futures Dominance Slides to 2-Year Low as Altcoin Trading Surges
- Bitcoin's share of crypto futures trading has slid to 38%, the lowest in 2 years, as money flows into altcoins
- Decline shows renewed risk appetite typically seen after a BTC price uptrend (BTC up 60% since Oct 1)
- BTC dominance by futures open interest has fallen from 50% to 38% in 2 months
- Ethereum's share has held steady at 21%
- Altcoins' share of crypto futures open interest has increased from 32% to 41%