According to Foresight News , citing CoinDesk, while Bitcoin has since retreated to the weekend level of $90,700, several Altcoin have maintained their gains. Privacy coins Monero and Zcash led the gains. CoinMarketCap's "Altcoin Season" indicator is now at 30/100, moving out of the "Bitcoin Season" zone and into neutral territory for the first time since November 18.
In derivatives, over $200 million in leveraged futures positions were liquidated in the past 24 hours, with bullish positions accounting for 50%. Implied volatility indices for BTC and ETH remained under pressure, indicating market expectations of reduced price volatility in the short term. Open interest (OI) in Monero-linked futures contracts increased to 369,000 XMR, the highest level since February of last year, while open interest in major tokens such as BTC, ETH, XRP, SOL, and DOGE decreased by 1%-4% in the past 24 hours. On the Deribit platform, put options for BTC and ETH consistently traded at higher prices than call options. Block trades showed a preference for "Ironhawk arbitrage" strategies for BTC, while ETH trading was primarily driven by inter-month spread strategies.
