According to Coinalyze statistics, the market share of open positions in Bitcoin futures has dropped from 50% to 38% in the past two months, the lowest level in the past two years.
“It seems like ‘all’ the money is now moving into altcoins, which explains why BTC’s dominance over futures open interest is declining,” Coinalyze said.
Data shows an increase in risk appetite in the crypto market, which is typically seen after a significant Bitcoin rally.
