Altcoin Contract Holdings Hit All-Time High Amidst Growing Leverage

A record-breaking milestone has been reached in the world of altcoins: contract holdings now stand at $47 billion, according to data from Glassnode. This figure indicates a significant surge in market leverage, amplifying price volatility and potentially creating greater risk for investors. Glassnode’s analysis reveals that this heightened leverage can amplify both upward and downward price movements, potentially making the current market environment more vulnerable.