Bitcoin futures open interest (OI) is recording $6.869 billion. Futures are derivatives that agree to buy and sell a specific asset at a predetermined price at a future point in time.
According to CoinGlass at the reference time, Bitcoin futures open interest was calculated at $6.869 billion, a 4.03% decrease from the previous day.
By exchange, CME, which is institution-centered, accounts for $1.586 billion, representing 23.09%. Binance and OKX hold $1.153 billion and $392 million, accounting for 16.78% and 5.70% respectively.
Open interest in major coin futures markets is generally contracting, showing caution in short-term positioning. The more pronounced decline in altcoins compared to Bitcoin can be interpreted as an increased risk-averse tendency.
Altcoin Futures Open Interest
Ethereum $3.476 billion 3.43%↓
Solana $637 million 1.23%↓
XRP $384 million 3.25%↓
Dogecoin $172 million 5.28%↓
Looking at the major coin funding rates, Bitcoin is 0.0045%, and Ethereum is -0.0001%, showing levels close to neutral.
Altcoin Funding Rates
Ethereum -0.0001%
Solana -0.0038%
XRP 0.0061%
In the past 24 hours, $109.6 million in Bitcoin futures and $169.82 million in Ethereum futures were liquidated. Bitcoin is trading at $103,529.4, a 1.94% decrease from the previous day, and Ethereum at $2,418.6, down 4.50%.
[This article does not provide financial advice, and the investment results are the sole responsibility of the investor.]
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