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The crypto market is showing strong signs of life beyond Bitcoin. Futures Open Interest (OI)—a key metric reflecting the number of outstanding derivative contracts—has surged for several top altcoins. XRP, Ethereum (ETH), and Solana (SOL) are seeing a sharp rise in leveraged positions, with OI across these tokens nearing or surpassing the $1 billion mark.
Historically, a rise in both price and OI signals not just trader enthusiasm but an influx of new capital, often a precursor to broader altcoin rallies. As market sentiment shifts from Bitcoin to…
