According to CoinMeta, Joao Wedson indicates that the crypto derivatives market has undergone significant structural changes. Bitcoin once accounted for over 90% of the open interest in contracts, but now altcoins hold 57.4% of the market share. This means that leverage, speculation, and liquidation risks are no longer primarily concentrated on Bitcoin. The next major market fluctuations may not begin with Bitcoin, but rather with altcoins, and could then spread throughout the market. This is precisely why we have built Alphractal: to understand what is happening beneath the surface of the market.