⚡ Crypto $BTC Leverage At 11-Month High More than $920M in bearish positions were liquidated during the recent rally, but leverage returned quickly instead of staying washed out: → perpetual OI climbed to ~$160B → highest level in 11 months → leverage returned quickly after the recent squeeze There, TradFi/RWA perpetuals are carrying around $4.9B in open interest, while contracts linked to stocks, metals, commodities and other traditional assets generated $151.4B in volume in just one September week 🏆 That TradFi slice is still small next to crypto, but it’s growing fast. TradFi perp volume reached $1.45T in H1 2026 - about 10x the whole of 2025 - and by September RWA perps were already doing around $18.8B a day. I’m not trading TradFi all the time, but I do jump into some pairs from time to time - especially now that WhiteBIT has added them to TradingView. ⚡ What I’d watch from here is whether spot demand can keep up with all that leverage. Short squeezes can push price higher fast, but if open interest keeps building faster than real buying, the next move in either direction could get violent pretty quickly. #BTC Price Analysis# #Altcoin Season#