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Alts contract open interest hits a new high as market leverage rate rises, attracting follow.
On August 13, according to data from the data platform, the current open interest of top alts contracts has reached 47 billion USD, setting a new historical high.
Analysis indicates that this situation highlights the increase in market leverage, making it more susceptible to significant price fluctuations. The rise in leverage amplifies both upward and downward trends, thereby creating a more fragile market environment.