🚨 CRYPTO LEVERAGE IS BACK Open interest in crypto perpetual futures has surged to nearly $160 billion, hitting its highest level since late October 2025, according to CoinGlass data. That means traders are carrying one of the largest amounts of outstanding leveraged positions seen in almost a year. The move comes alongside Bitcoin’s recent rally and a major short squeeze, with more than $920 million in bearish positions liquidated during the latest surge. But OI continued rising afterward, suggesting traders are opening new leveraged positions rather than simply closing old ones. That can push the market higher if momentum continues, but it also makes the next sharp move more dangerous. $160B in perp OI. Leverage is back, and volatility could be next. #BTC Price Analysis# #Macro Insights# $BTC $HBAR