Bitcoin futures open interest (OI) is currently recording 678,730 BTC ($7.171 billion). Futures are derivatives that contract to buy and sell a specific asset at a predetermined price at a future point in time.
According to CoinGlass, Bitcoin futures open interest has been calculated at 678,730 BTC ($7.171 billion), a 0.30%↓ decrease compared to the previous day.
By exchange, CME, which is institution-centered, accounts for 22.24% with $1.595 billion. Binance and OKX hold 17.32% and 6.13% respectively, with $1.242 billion and $440 million.
In the major coin futures market, most coins except XRP saw a decrease in open interest. XRP showed strength, rising 9.45%↑ in 24 hours. Bitcoin and Ethereum declined slightly by 0.30%↓ and 0.10%↓ respectively.
Altcoin Futures Open Interest
Ethereum $3.465 billion 0.10%↓
Solana $643 million 1.89%↓
XRP $408 million 9.45%↑
The Bitcoin futures long/short ratio over 24 hours shows short dominance, suggesting short-term downward pressure exists.
Bitcoin futures trading volume recorded $4.477 billion, a 33.56%↓ decrease over the past 24 hours. This indicates investors are becoming more cautious.
Bitcoin futures funding rate is -0.0009%, showing a slight bearish bias. Ethereum is at 0.0043%, and XRP is at 0.0083%, showing a slight bullish bias.
Altcoin Funding Rates
Ethereum 0.0043%
Solana -0.0029%
XRP 0.0083%
Over the past 24 hours, $130.01 million in Bitcoin futures and $27.61 million in Ethereum futures were liquidated. Bitcoin is trading at $105,584, a 0.02%↓ decrease from the previous day, while Ethereum is at $2,508.22, a 0.05%↑ increase.
[This article does not provide financial advice, and investment results are the sole responsibility of the investor.]
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