Glassnode and Bybit: Bitcoin up 28% over two years, median altcoin down 74%
- —Bitcoin +28% over two years, Ethereum near zero, median altcoin -74%
- —BTC futures open interest at ~2% of market cap, PEPE at ~24%
- —Options share of Bitcoin notional open interest rose from ~25% to ~50%
- —Futures volume fell 97% versus 2021, while options volume tripled
Why it matters: The data confirms the absence of capital rotation into altcoins: risk for holders of mid-tier tokens remains high, while liquidity concentrates in BTC.
Source: TokenPost