$BTC is back in the game ๐. Nexo's fresh data shows BTC now backs 56.18% of all collateral, highest since mid-2025. Borrowers are rotating back to $BTC , drowning out altcoins (28.05%), Ethereum (12.40%), and stablecoins (3.37%).
When leverage players choose collateral, they're voting on trust. And BTC is winning. This shift suggests lower-risk positioning or confidence in Bitcoin leading the next market leg. Is this the start of a Bitcoin-first phase in DeFi lending? ๐