Cryptocurrency analysis company Alphractal made remarkable observations about the altcoin market in its latest report.
According to the report, ENA and TRUMP stand out among the altcoins with the highest leverage in the market. Both assets record the highest open interest/market cap ratios relative to their market capitalization, signaling high speculation and risk.
The report also noted that ENA, OKB, ARB, and MKR recorded their highest Liquidation/Open Position ratios in the last 24 hours. This ratio is considered a key indicator of market volatility and mass liquidations, as it indicates how much of an open position is liquidated quickly.
Alphractal argued that for more cautious investors, staying away from these altcoins could reduce liquidation risk. The company cautioned that these assets, fueled by high speculation, are more susceptible to volatility.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/analysis-firm-warns-stay-away-from-these-7-altcoins-for-now/