Benson Sun: The leverage positions of altcoin contracts have significantly decreased during the recent decline

ChainCatcher message, encrypted KOL and former FTX community partner Benson Sun posted on social media that Bitcoin has returned above $66,000, but the total open interest of altcoin contracts is still lower than when Bitcoin was at the $40,000 level. After a significant drop in recent days, the leverage of altcoins in this bull market may have been thoroughly cleaned out, and the altcoin season may be approaching.