News
Bitcoin Funding Turns Negative as $46.6B OI Faces a 4-Hour Long Squeeze
Bitcoin’s average 8-hour funding is negative at -0.012257% while aggregate open interest stands near $46.6B, down 0.9% over 24 hours. Long liquidations reached $22.5M in four hours, and taker flow remains short-biased despite long-heavy account positioning.
Solana Derivatives: -21.3% Annual Basis Flags a Fragile Rally
SOL is trading with a -0.1% futures basis and -21.3% annualized basis while total open interest has risen 6.7% to $5.3B. Account positioning remains long-heavy, but taker flow and liquidation data show a more conflicted market beneath the rally.
Pi Network Derivatives: $22.8M OI Meets a 4.9% Daily Build
Pi Network trades at $0.08874 while aggregate open interest reaches $22.8M, up 4.9% in 24 hours. MEXC holds 56.6% of tracked OI, while uniformly positive 0.005% funding and modest long-led liquidations point to a crowded but not yet forced market.
ATOM Funding Turns Negative as Open Interest Climbs 5.0% Across Venues
ATOM trades at $1.829 after a 6.8% rise, while aggregate open interest reaches $79.0M, up 5.0% in 24 hours. Funding is sharply split across venues, with CoinEx negative at -0.6% while most major exchanges remain near +0.0%.
Pepe Funding Turns Negative at 4 Venues as Open Interest Climbs 7.5%
Pepe open interest has risen 7.5% to $322.2M across tracked venues, while funding ranges from -0.0084% to 0.01%. Account positioning is heavily long, but taker flow is 70.8% short, creating a sharp derivatives split.
Cosmos Hub OI Climbs 4.9% as Binance Holds 27.9% Share
ATOM trades at $1.811 as aggregate open interest reaches $78.7M, up 4.9% in 24 hours. Binance leads with 27.9% share, while account positioning remains less bullish than active taker flow.
Crypto Derivatives Market: $285.6M Liquidations Set a Crowded Tone
Crypto futures turnover reached $199.6B while open interest stood at $131.4B, with shorts accounting for $190.9M of $285.6M in 24-hour liquidations. Altcoin leadership broadened, but positive funding, greed at 71 and concentrated expiry levels point to a crowded market.
Arbitrum Positioning Splits as Open Interest Climbs 14.2% in 24 Hours
ARB trades at $0.2254 while aggregate open interest reaches $293.1M, up 14.2% in 24 hours. Account positioning remains long-heavy, but taker flow and venue funding show a sharper split beneath the headline strength.
Sui Derivatives: $1.0756 Price Meets -17.0% Annualized Basis
Sui has rallied to $1.0756 while aggregate open interest reaches $814.2M and the annualized basis remains -17.0%. Positive funding, short-heavy taker flow, and heavier short liquidations point to a leveraged squeeze rather than clean bullish conviction.
Sui Derivatives: $758.4M OI Meets a 72.1% Long-Account Bias
Sui open interest has climbed to $758.4M, but account positioning is heavily long while active takers remain net short. Exchange concentration, uneven funding and a $2.7M liquidation split point to a crowded rally with conflicting conviction.
Jupiter JUP: 14.9% Open Interest Surge Meets 0.005% Funding
Jupiter’s open interest reached $81.6M after a 14.9% daily increase, while major venues mostly show positive funding and Binance accounts are 65.8% long. Liquidations are heavily short-led, but the account positioning and active-flow readings point in opposite directions.
Jupiter JUP Gains 7.0% as Open Interest Climbs 9.7% in 24 Hours
Jupiter trades at $0.3127 after a 7.0% gain, while aggregate open interest reaches $80.7M, up 9.7% in 24 hours. Rising OI is concentrated on Binance and Bybit, but liquidation and positioning data show a market still vulnerable to a sharp squeeze.
Chainlink OI Jumps 13.2% as Price Rally Meets Crowded Longs
LINK price reached $13.373 while aggregate open interest climbed 13.2% over 24 hours to $642.6M. Exchange positioning is bullish on accounts, but taker flow and uneven funding show that the rally is not uniformly supported.
Bitcoin at $83,974: $47.0B OI Reveals a Fragile Long Bias
Bitcoin trades at $83,974 while total futures open interest sits near $47.0B, down 0.6% over 24 hours. Negative average funding, long-heavy liquidations, and a deeply negative annualized basis point to crowded longs despite a mildly bullish account balance.
Shiba Inu OI Holds at $53.6M Despite a 1.0% Daily Retreat
Shiba Inu derivatives open interest stands at $53.6M after falling 1.0% in 24 hours, even as Bitget and Gate added exposure. Elevated account-side longs, uneven funding and long-heavy liquidations point to a leveraged rebound lacking broad confirmation.
Chainlink Basis Is Not Backwardation: 10.9% Annualized Carry on $629.9M OI
Chainlink futures show a 3.0% positive basis and 10.9% annualized carry, not backwardation, while aggregate open interest has climbed 11.3% in 24 hours to $629.95M. Funding remains positive across major venues, but taker positioning and liquidation flows reveal a more fragile rally structure than account ratios suggest.
NEAR Protocol: $1.24B OI Meets a 4-to-1 Liquidation Skew Signal
NEAR Protocol holds about $1.24B in open interest while its liquidation profile has rotated from short-heavy in the latest hour to long-heavy across four and 24 hours. Account positioning remains net long, but funding is sharply split between venues and aggregate OI is down 2.2% over 24 hours.
NEAR Protocol: $1.23B OI Tests the $4.604 Breakout Ceiling
NEAR trades at $4.448 while open interest stands near $1.23B, down 1.2% over 24 hours. Long liquidations dominate the recent windows, but venue positioning and funding rates show a divided breakout setup.
TRON OI Falls 1.4% While Funding Splits Across Major Venues
TRON aggregate open interest stands near $243.4M after falling 1.4% in 24 hours, while exchange funding ranges from -0.0366% to +0.0127%. Long liquidations dominate the 24-hour window, but active takers remain more heavily long than accounts overall.
Bitcoin Leads $124.3M Liquidation Ranking as ONDO Gains 25.3%
Bitcoin topped the 24-hour liquidation table with $124.3M, while Ethereum followed at $87.5M. ONDO gained 25.3% on $2.4B in futures volume, but SAGA fell 32.3% as leverage rotated across the market.