Crypto Market Caps $3 Trillion Again Amid Bitcoin Surge
The crypto market has reached new heights again, with its total capitalization exceeding $3 trillion. This surge is largely driven by Bitcoin's price increase to around $86,000, which has also lifted other major altcoins.
A notable trend in the derivatives markets is the rise of perpetual futures open interest to nearly $160 billion, its highest level since late October 2025. This indicates that more capital is being tied up in leveraged positions, increasing the risk of a sharp pullback if sentiment flips.
US spot Bitcoin ETFs have also seen significant inflows, with nearly $1 billion pouring in on Monday, the largest single-day tally since October 2025. However, the article cautions that this rally may be reliant on leveraged positioning and could become increasingly volatile.