In 2026 Apple transitioned to a new era under CEO John Ternus (with Tim Cook moving to Executive Chairman), launching its first foldable phone the iPhone Duo alongside the iPhone 18 Pro and Pro Max Main context > I'm written about rn @entropyIO has $40.68M open interest on AAPL-USDC perps. Mark price is holding near $346. 24h volume is $21.67M. Funding sits at –0.0007%. Up to 28x leverage is available. This is not light flow. Tens of millions in capital are already positioned around current levels on Entropy, with live depth visible on both sides of the book. Price has recovered from earlier weakness and is consolidating just under recent highs. Quick context for new traders: A perpetual futures contract (perp) lets you go long or short Apple’s price without owning the stock. There is no expiry. Positions are cash-settled in USDC. You post collateral and can use leverage (up to 28x on this market). Funding is a small periodic payment between longs and shorts that keeps the perp price close to the underlying. Negative funding means shorts are paying longs right now. On Entropy you get 24/7 trading (including when the Nasdaq is closed), transparent order books, self-custody of your funds, and direct access to the AAPL-USDC market alongside other equity and pre-IPO perps. You are not buying Apple shares you are trading a derivative that tracks the price. Any sharp move in Apple forces reactions from leveraged positions. The open question is whether this $40.68M in open interest is still early or already getting crowded