# Leverage Moves Out of Bitcoin as Altcoin Perpetual Open Interest Overtakes It

Zcash futures positioning of roughly $2.3 billion drove the shift, the first since December 2024, after the privacy token traded above $1,000.

- Published: 2026-09-07T05:46:58.893Z
- Canonical: https://polylog.news/crypto/2026-09-07/leverage-moves-out-of-bitcoin-as-altcoin-perpetual-open-inte
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [crypto.news](https://crypto.news/altcoin-open-interest-overtakes-bitcoin-after-21-months/), [Polylog editors](https://polylog.news)

Open interest in altcoin perpetual futures moved above bitcoin's on Sept. 6 for the first time since December 2024, according to Coinalyze data reported by crypto.news. The largest single contributor was Zcash. Open interest in ZEC futures…

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