Bitcoin futures open interest (OI) currently stands at $81.45 billion. Futures are derivatives contracts that provide an agreement to buy or sell a specific asset at a predetermined price at a specific point in the future.
According to CoinGlass, Bitcoin futures open interest fell 0.47% from the previous day to 7,293,800 BTC ($81.45 billion) at the end of the day.
By exchange, CME holds 18.67% of the market with $15.19 billion. Binance and OKX hold 17.87% and 5.43%, respectively, with $14.53 billion and $4.42 billion.
Amidst a slight overall decline in open interest across major coin futures markets, Bitcoin is showing a 0.27% increase at $111,580.80. Ethereum is also showing a 1.04% increase at $4,428.30.
Altcoin futures open interest
Ethereum up 1.33% to $58.55 billion
Solana's stock price rose 1.35% to $12.92 billion.
XRP $7.62 billion, down 0.78%
The 'Bitcoin futures long/short ratio', which is the number of long positions divided by the number of short positions, recorded a funding rate of 0.0052% over the past 24 hours.
This ratio is an indicator of whether market participants are placing more weight on long (rising bets) or short (fall bets).
Currently, the ratio remains low, and directional exploration continues. Liquidations of $31.55 million occurred over 24 hours.
Altcoin funding rate
Ethereum 0.0056%
Solana 0.0025%
XRP 0.0061%
[This article does not provide financial advice, and investors are solely responsible for their investment results.]
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