Bitfinex Issues Altcoin Warning, Says ‘Concerning’ Indicator Warranting Caution Despite Rallies

The research arm of a top crypto exchange is warning traders to keep an eye on open interest (OI) while trading altcoins. In its latest Alpha research findings, Bitfinex says that a drop off in OI has helped many altcoins, like SUI and AAVE, rally tremendously. “We believe that a risk-on sentiment and the ability […] source: https://dailyhodl.com/2024/09/24/bitfinex-issues-altcoin-warning-says-concerning-indicator-warranting-caution-despite-rallies/