Glassnode: Altcoin Leverage Remains Below Overheat Threshold

Glassnode data shows altcoin leverage sitting below its risk threshold, with the share of altcoin open interest not yet within a few percent of Bitcoin open interest, a condition that historically signals market overheating in altcoin vs Bitcoin open interest ratio historical cycles.

Glassnode altcoin leverage risk threshold analysis indicates alts retain potential to extend gains. On the BTC 4h chart, price at $80707.24 holds a bullish trend above EMA50 support at $77474.81 and EMA200 at $74747.03 while MACD registers a golden cross at 575.53; however RSI at 77.92 flashes overbought as price tests upper Bollinger resistance at $79792.81, suggesting a healthy retracement toward the 50-EMA before continuation.