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#BTC87KCryptoCap3T Crypto is back above $3T, but the part I'm watching isn't the milestone 👀 BTC briefly touched $87.4K as ETH, SOL and XRP joined the move. More importantly, spot BTC ETFs flipped back to roughly $592M of net inflows across the latest two sessions after two straight days of outflows. Here's where it gets interesting. Short liquidations helped accelerate the breakout, but futures open interest then climbed another ~$2B after BTC cleared $82K. That means leverage isn't disappearing after the squeeze. Fresh positions are coming back in. So there are really two forces driving this rally: real capital returning through ETFs and traders increasing leveraged exposure as prices rise. If spot demand keeps pace, leverage can amplify an already healthy trend. If ETF flows cool while open interest keeps climbing, the same leverage could make the next pullback much sharper. $87K gets the attention. The balance between spot demand and leverage tells us how durable the move really is.