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Altcoins Surge as Bitcoin Consolidates
Published 2 weeks, 4 days ago
Description
Altcoins are surging while Bitcoin and Ether retreat, with Algorand and Ton leading the charge. The altcoin season index hits a two-month high, and investors are optimistic about a potential bullish flip if Bitcoin breaks through $98,000. Futures volume is up slightly, but open interest is down, indicating deleveraging. Tons open interest reaches a record high, while Dogecoin struggles with negative funding and heavy selling.
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