News
Bitcoin ETF Setup: $44.3B OI Falls 3.5% as Longs Unwind Builds
Bitcoin derivatives positioning is weakening as aggregate open interest drops to $44.3B, with long liquidations reaching $106.9M over 24 hours. Account-level optimism remains high, but taker flow and negative average funding point to defensive positioning around ETF-sensitive price levels.
Cardano Basis Turns -29.9% Annualized as ADA OI Falls 10.5%
ADA trades at $0.2441 with a -8.2% basis and -30.0% annualized basis, while open interest has fallen 10.5% in 24 hours to about $489.5M. Liquidations totaled $2.9M, dominated by $2.5M in long liquidations.
THORChain RUNE: 0.0096% Funding Tests a $28.0M OI Rally
RUNE trades at $0.7851 as aggregate open interest reaches $28.0M, up 7.4% in 24 hours. Positive funding across major venues, an 86.9% active-taker long reading and a sharp short-liquidation burst point to a crowded upside trade vulnerable to reversal.
Bitcoin: 10.5% Bybit OI Share Meets Negative 0.0102% Funding
Bitcoin trades at $83,928.20 while aggregate funding is negative at -0.0102%, even as most venue-level prints remain slightly positive. Open interest stands at $45.3B, with 24-hour long liquidations reaching $100.5M versus $32.2M for shorts.
THORChain RUNE Open Interest Falls 13.1% as Leverage Resets
RUNE aggregate open interest has fallen 13.1% in 24 hours to about $22.2M, led by declines on Binance and Bybit. Liquidations show a completed long-side flush over 24 hours, while current positioning and funding still leave room for a short-term squeeze.
XRP OI Purge: 9.4% Erased as Long Liquidations Reach $13.2M
XRP open interest fell 9.4% in 24 hours to $2.37B, while long liquidations reached $13.2M against $2.4M for shorts. Account positioning remains heavily long, but taker flow is predominantly short and funding is sharply split across venues.
Cosmos Hub ATOM Funding Turns Negative as $79.5M OI Shrinks 8.4%
ATOM trades at $1.697 with average 8-hour funding at -0.044608% and total open interest near $79.5M after an 8.4% daily contraction. Long liquidations dominate the tape, while active takers remain more long-biased than accounts.
Ethereum Liquidations Hit $87.1M as Open Interest Falls 2.2% in 24h
Ethereum is trading at $2,667.81 after $87.1M in 24-hour liquidations, with long positions accounting for $67.1M. Total open interest has fallen 2.2% to about $26.0B, pointing to leverage being flushed rather than aggressively rebuilt.
Algorand OI Surges 34.7% as $85.1M Positions Meet 63.5% Longs
Algorand open interest has climbed 34.7% in 24 hours to about $85.1M while price trades at $0.13041 and Binance accounts remain 63.5% long. Exchange concentration, uneven funding, and heavier short liquidations suggest bullish momentum with crowded upside exposure.
Aave Funding Turns Negative as Open Interest Falls 10.2% in 24 Hours
Aave trades at $149.24 while aggregate open interest has dropped 10.2% in 24 hours to $310.7M. Negative funding is concentrated on some venues, while long liquidations reached $735.8K and account positioning remains net long.
Venice Token VVV: $194.2M OI and a 6.4% Daily Drop
Venice Token holds $194.2M in aggregate open interest after a 6.4% 24-hour decline, while 24-hour long liquidations reached $163.2K against $45.4K for shorts. Exchange positioning is concentrated at Gate, Bybit and Binance, but account and active-flow readings remain bearish.
Crypto Market Recap: $169.7B Volume and $128.4B Open Interest
Crypto derivatives turnover reached $169.7B over 24 hours while open interest stood at $128.4B. Long liquidations dominated at $305.6M versus $70.9M for shorts, even as QNT led major futures gainers with a 45.4% rise.
Gram Open Interest Jumps 7.19% as Bybit Holds 20.93% Share
Gram derivatives open interest rose 7.19% in 24 hours to $208.7M, led by Bybit at a 20.9% share and Binance at 15.8%. Account positioning remains heavily long while taker flow is more defensive, creating a crowded but conflicted setup.
Injective at $7.373: Negative Funding Meets $131.7M Open Interest
Injective fell 6.1% to $7.373 while total open interest contracted 11.1% to $131.7M. Negative funding on several major venues, long-heavy liquidations, and a split between account and taker positioning point to fragile bullish exposure.
Cardano OI Purge: $504.0M Open Interest Falls 7.9% in 24 Hours
Cardano derivatives open interest has fallen 7.9% in 24 hours to about $504.0M, while liquidations remain overwhelmingly long-side. Account positioning is still bullish at 67.1%, but taker flow is materially less optimistic at 56.8%.
Polkadot DOT: Negative Funding Meets a 9.2% Open-Interest Drop
Polkadot derivatives show broadly negative funding pressure alongside a 9.2% 24-hour open-interest contraction, while long accounts remain dominant. Liquidations are also heavily long-sided, suggesting forced unwinding rather than a clean short squeeze.
AVAX OI Drops 8.8% as $1.4M Liquidations Expose Long Bias
AVAX is trading at $10.41 while aggregate open interest has fallen 8.8% in 24 hours to $431.8M. Account positioning remains heavily long, but taker flow, uneven funding rates and predominantly long liquidations point to a sharp positioning divergence.
Uniswap UNI: $789.8M OI Meets a 62.1% Long Account Position Bias
UNI’s $789.8M open interest has fallen 9.8% in 24 hours while 62.1% of tracked accounts remain long, creating a sharp positioning divergence. Liquidations are also overwhelmingly long-led, but venue-level OI and taker data show that the bearish pressure is not uniform.
Ethereum Derivatives: $26.5B OI Meets 67.0% Long Accounts Today
ETH trades at $2,652.01 while aggregate open interest sits near $26.4B, down 1.0% in 24 hours. Negative funding, a -16.9% annualized basis and $64.1M in liquidations point to crowded longs, but taker flow is already more defensive than account positioning.
Chainlink Basis Turns -0.1% as $669.9M OI Shrinks 2.4% in 24h
Chainlink futures show a -0.1% spot-perpetual basis and -21.0% annualized basis while open interest falls 2.4% to $669.9M. Long liquidations dominate, but account positioning remains heavily long as taker flow is less one-sided.