fewer than 30% of tracked altcoins beat bitcoin last week, down from about 70% in each week before. altcoin open interest, the value of open derivatives positions, also hit a record 5.6% of market cap during september 24-30. ten tokens, including sol, xrp, hype and zec, hold 62% of it. as prices fall, these old positions grow relative to the market, so more declines could force selling. how much and when is unclear.
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