Altcoin perpetual futures open interest overtook $BTC ’s on September 6, marking the first time that’s happened since December 2024. Even so, Michael Bucella says bitcoin’s rally appears to be driven more by spot buying than by heavy leverage in altcoins.

$ZEC stood out during the move, with its derivatives open interest climbing to a record high of nearly $2.4 billion as the token rallied. #Zcash #BTC #BTC Price Analysis# #ZEC #Bitcoin