Setting Bitcoin aside, altcoins were displaying a couple of factors that hinted at a potential reversal. The Open Interest of the biggest altcoin, Ethereum [ETH], had made a double bottom, suggesting a potential reversal was building. With that in mind, what else hinted at this potential reversal? The 30% drop in open interest on Bitcoin flushed excess leverage from the market, as altcoins followed BTC in this. Altogether, the markets were shaping for a reversal, but there was no certainty when this would happen.