Bitcoin once dominated the crypto derivatives market, accounting for over 90% of total Open Interest. That landscape has changed dramatically. Analyzing data from 30 of the largest crypto exchanges, altcoins now account for 57.4% of total Open Interest, while Bitcoin represents 42.6%, a difference of 14.8 percentage points. This structural shift shows how derivatives exposure has expanded beyond Bitcoin, making altcoins increasingly important in understanding market volatility, liquidity dynamics, and liquidation risk. Bitcoin alone no longer tells the full story of the crypto derivatives market. https://t.co/1cjMJtHQKY