This is a typical characteristic of a rate-cutting cycle accompanied by a shortening of average duration. During a rate-cutting cycle dominated by short-term financing, investors tend to seek assets that can yield significant short-term profits. Small and mid-cap stocks and altcoins are favoured, while "trend-following speculation" and "narrative speculation" become relatively popular strategies.🧐
Altcoins (ETH + others) market share in global perps open interest has increased in recent months, reaching its highest level in over a year, led by ETH. Since May, ETH’s share has risen from 22% to 33%, while SOL has climbed from 6.5% to 8.5%.
Source:@Neda4_
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