perp DEX open interest just printed a new high of $19 billion. total open interest across these venues is now $25 billion, another record. open interest is the size of open leveraged bets. more OI means more money is sitting in perps, and Hyperliquid still holds most of that book after $HYPE ’s run through $90. RWA’s share of that OI went from 6% at the start of 2026 to 24% now. a quarter of the perp book is no longer only coins. it is tokenized stocks, commodities and other real-world names trading on the same on-chain venues. that mix is why OI can hit $25 billion while bitcoin is only just taking $84,000. traders are using perp DEXs as a one-stop book for crypto and TradFi. watch the leverage. a new OI high can fuel the next big move. it can also force-close the same book if $BTC loses $82,000. so on-chain perps are at record size, and RWAs now own 24% of that size. the bid is broader. the risk is still leverage. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC $HYPE #HyperLiquid