On June 16, 2025, the altcoin market attracted traders’ attention, showcasing an optimistic mood and options trading activity.
Market Dynamics
After some mid-month fluctuations, bullish momentum returned on June 16, 2025, as Bitcoin rallied above $108,000. This was driven by positive ETF news, which supported overall market optimism and led to increased risk flows and interest in altcoin options.
Options Activity and Key Trends
The trading data indicated that call volume significantly outpaced puts. Over 63–70% of open interest on BTC and ETH was in call options, reflecting traders' bullish sentiment. Observations on PowerTrade showed an active opening of call options and rising open interest in altcoin markets.
Key Altcoin Review
Altcoins such as Solana, XRP, TRUMP, KAMA, and PEPE demonstrated substantial activity. Solana broke out of its range, reaching around $160, attracting trader attention, while XRP also showed positive dynamics. Meanwhile, meme coins like TRUMP and KAMA became less prominent in trading flows but remain part of market discussions.
June 16 reaffirmed the volatility and opportunities in the altcoin market. Traders should keep an eye on important upcoming events that may influence altcoin activity.
