On September 6, 2026, the combined open interest in altcoin perpetual futures exceeded Bitcoin's for the first time since December 2024, driven by increased leveraged trading and a strong rally in Zcash. Zcash futures open interest rose to about $2.4 billion as the token surged above $1,000, supported by its new U.S. spot ETF and significant short liquidations. This shift indicates growing participation and leverage in altcoins but does not necessarily signal a permanent market leadership change, as Bitcoin remains the largest single crypto derivatives market. Investors should watch funding rates, spot volumes, and open interest trends to gauge market stability and potential liquidation risks.
Jupiter (JUP) surged 18.86% to $0.2670, leading crypto market gains due to growing interest in its blockchain solutions focused on data privacy and security. Other notable gainers included Zcash, Bittensor, NEAR Protocol, and Polkadot, while Pons and...
Matt Hougan, CIO at Bitwise Asset Management, identifies three key crypto investment themes: Bitcoin as a hedge against currency devaluation, Zcash for privacy features, and a long-term tokenization cycle involving Ethereum, Solana, and Uniswap. Bitc...
Zcash (ZEC) triggered $212 million in crypto liquidations on September 6, with $45.32 million in ZEC liquidations alone as its price jumped 15% to about $1,170. Most losses came from short positions, which accounted for $156 million of the total, ind...
For the first time since December 2024, the total open interest in altcoin perpetual futures has exceeded that of Bitcoin, indicating a shift in trader positioning. This crossover often precedes increased market volatility and liquidation events, as ...
Open interest in altcoin futures for ZEC, BNB, ARB, XRP, and SOL has surged, with ZEC reaching a record $2.4 billion amid a price rally past $1,000 that liquidated $34 million in shorts. This rise reflects aggressive speculative leverage rather than ...
