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Altcoin open interest surpasses Bitcoin for first time since Dec 2024, but altseason not confirmed yet.

Market News
08 Sep 2026
Cointribune
View Source
Neutral
Altcoin open interest surpasses Bitcoin for first time since Dec 2024, but altseason not confirmed yet.

On September 6, the open interest in altcoins exceeded that of Bitcoin for the first time since December 2024, driven by increased leverage in Zcash, XRP, and Solana. Despite this shift, Bitcoin still holds about 37% of the open interest in perpetual contracts. The rise in altcoin leverage indicates higher risk and speculation, especially notable in Zcash with a strong price surge and liquidations of short positions. However, other indicators like the Altcoin Season Index and Bitcoin dominance suggest that a full altseason has not yet begun, and the market remains vulnerable to corrections.

More News (BTC)

Bitcoin struggles below $80K ahead of key US economic data and Fed meeting this month.

Bitcoin struggles below $80K ahead of key US economic data and Fed meeting this month.

Bitcoin traded near $79,100, unable to sustain above $80,000, as investors await three critical US events: weekly jobless claims on Sept. 10, August's inflation data on Sept. 11, and the Federal Reserve's rate decision on Sept. 15-16. The market's ex...

Market News
Neutral
5 hours ago
Bitcoin trades near $79K ahead of key Fed rate decision and inflation data this September.

Bitcoin trades near $79K ahead of key Fed rate decision and inflation data this September.

Bitcoin is currently trading around $79,200, slightly down by 0.8% in the last 24 hours, and is expected to remain between $78,000 and $82,000 until the Federal Reserve's policy announcement on September 16. Recent strong US employment data has incre...

Market News
Neutral
5 hours ago
Bitcoin forms golden cross as $3.8B ETF inflows boost bullish momentum

Bitcoin forms golden cross as $3.8B ETF inflows boost bullish momentum

Bitcoin's 50-day moving average has crossed above its 200-day average, forming a bullish golden cross for the first time since November 2025. This technical signal coincides with $3.8 billion in US spot Bitcoin ETF inflows over three weeks, the stron...

Technical Signals
Bullish
6 hours ago
Bitcoin price bets predict cautious, volatile trading around $80K by year-end, with low odds for major rallies.

Bitcoin price bets predict cautious, volatile trading around $80K by year-end, with low odds for major rallies.

Prediction market bettors expect Bitcoin's price to remain volatile but largely stable around $80,000 by the end of 2026. Polymarket shows a 73% chance of Bitcoin reaching $85,000, while Kalshi's $35 million market centers predictions near $81,000. H...

Market News
Neutral
10 hours ago
Bitcoin shows signs of a bull market setup similar to 2015 as it diverges from the S&P 500.

Bitcoin shows signs of a bull market setup similar to 2015 as it diverges from the S&P 500.

Bitcoin analyst Willy Woo highlights a significant divergence between Bitcoin and the S&P 500, comparing it to a similar pattern seen in 2015 before the 2017 bull market. This decoupling suggests Bitcoin may be entering a bullish phase while equities...

Market News
Bullish
11 hours ago
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