The past hour on major futures markets reveals interesting momentum shifts across altcoins. On the gainers' side, BLUAI (Bluwhale) leads with a 5.72% surge, followed by BTR (Bitlayer) climbing 5.29%, and ARPA Network posting solid gains at 5.24%. These moves suggest renewed interest in specific Layer 2 and utility-focused tokens.

Meanwhile, the losers' board tells a different story. SPORTFUN faces the steepest decline at -6.58%, with Ronin dropping 4.45% and Janction sliding 3.07%. The divergence between gainers and losers indicates selective positioning rather than broad market momentum.

Trading activity concentrated heavily on stablecoin pairs, with USDC volume reaching 52.48M—reflecting elevated liquidity in derivatives markets. This suggests traders are actively rotating positions across the altcoin space, capitalizing on short-term volatility.