Despite Bitcoin's recent pullback to the weekend level of $90,700, several altcoins have maintained their gains. Privacy coins Monero and Zcash led the way. Monero hit an all-time high, currently trading at $576, up over 12% since 21:00 UTC on Sunday, while Zcash rose 3.8%. CoinMarketCap's "Altcoin Season" indicator is now at 30/100, moving out of the "Bitcoin Season" zone for the first time since November 18th. In derivatives, over $200 million in leveraged futures positions were liquidated in the past 24 hours, with bullish positions accounting for 50%. The implied volatility indices for BTC and ETH remain under pressure, indicating market expectations of reduced price volatility in the short term. Monero-linked futures open interest (OI) rose to 369,000 XMR, the highest level since February last year, while open interest in major tokens such as BTC, ETH, XRP, SOL, and DOGE declined by 1%-4% in the past 24 hours. On the Deribit platform, BTC and ETH put options continued to trade at higher prices than call options. Block trades show that BTC trading favors the "Ironhawk Arbitrage" strategy, while ETH trading is primarily driven by inter-month spread strategies. (CoinDesk)