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Altcoin futures open interest surpasses Bitcoin's for first time since 2024 amid Zcash rally

Market News
07 Sep 2026, 07:54 WIB
Crypto news
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Bullish
Altcoin futures open interest surpasses Bitcoin's for first time since 2024 amid Zcash rally

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.

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