Glassnode: Altcoin market not yet overvalued... room for further upside

Glassnode has analyzed that altcoin leverage is still below the risk threshold. The firm explained, 'When the proportion of open interest (OI) in altcoins narrows to a few percentage points compared to Bitcoin, the market is typically considered overvalued. Currently, this condition has not been met, suggesting there may still be room for further upside in altcoin prices.'