BTC, major altcoin open interest surges, signaling volatility risk

Open interest in Bitcoin and major altcoins has risen rapidly over the past few hours, CryptoQuant analyst Maartunn reported on X. He explained that high open interest signifies increased leverage, which could in turn lead to greater price volatility. Currently, open interest for Bitcoin stands at approximately $22.2 billion, while the figure for altcoins is around $25.7 billion.