Altcoin Contract Holdings Reach Record High Amid Increased Leverage

According to BlockBeats, data from Glassnode reveals that the current holdings in major altcoin contracts have reached $47 billion, marking a historic peak. Glassnode's analysis highlights that this situation underscores an increase in market leverage, making it more susceptible to significant price fluctuations. The rise in leverage can amplify both upward and downward trends, thereby creating a more fragile market environment.