[Altcoin Perpetual Contract Open Interest Surpasses Bitcoin for the First Time Since December 2024] According to Finance Feeds, Coinalyze data shows that altcoin perpetual contract open interest has surpassed Bitcoin for the first time since December 2024. Bitcoin perpetual contract open interest stands at approximately $23.9 billion, accounting for 37% of the total, with the remaining share taken up collectively by tokens such as Ethereum, Solana, XRP, BNB, and Zcash. The total open interest for Bitcoin (including futures contracts) is around $25 billion. Zcash is one of the most notable examples of a shift toward leveraged altcoin exposure. After Zcash surpassed $1,000 in early September, its futures open interest climbed to approximately $2.4 billion, with over $34 million in short positions liquidated during the rebound.