News
Derivatives Daily: Sep 22, $1.1B Liquidations Test $86.6K BTC
Crypto derivatives saw $1.1B in 24-hour liquidations, led by $976.1M in short positions, while total market open interest stood at $133.4B. Bitcoin options point to a $75,000 max-pain level for Sep 25 even as ETF flows improved on the latest session.
TRON TRX: -3.2% Annualized Basis Meets $253.8M Open Interest
TRON trades at a -0.9% futures basis, annualized at -3.2%, while total open interest stands at $253.8M. Positioning is more bullish among takers than accounts, but short liquidations dominate the latest window.
Solana OI Jumps 10.0% as $5.4B of Positions Chase the Rally
Solana open interest reached $5.4B after rising 10.0% in 24 hours, while short liquidations reached $39.6M versus $4.2M for longs. Account positioning remains long-heavy at 64.5%, but active takers are nearly balanced at 51.4%.
Zcash Derivatives: $2.63B OI and 59.1% of 24h Liquidations Short
Zcash futures open interest totals $2.63B after falling 4.6% in 24 hours, while short liquidations reached $10.7M versus $7.4M for longs. Account positioning remains short-heavy, but taker flow is split across major venues, leaving a fragile liquidation-skew setup.
NEAR Protocol: $1.17B OI Meets a -8.8% Annualized Basis Signal
NEAR Protocol futures carry an annualized basis of -8.8% while aggregate open interest reaches $1.17B, up 5.7% in 24 hours. Account positioning remains heavily long, but aggressive taker flow and exchange-level funding differences point to a fragile structure rather than clean bullish contango.
HYPE Derivatives: $3.42B OI and $4.69M Short Liquidations
HYPE trades at $93.42 with $3.42B in aggregate open interest, while 24-hour short liquidations reached $4.69M versus $1.04M for longs. Exchange positioning is bullish, but falling OI at Binance and OKX contrasts with growth at Bybit and Bitget.
Bitcoin Surges 7.4% as $634M Liquidations Hit Derivatives
Bitcoin jumped 7.4% to $86,800 while 24-hour derivatives liquidations reached $634.0M, with short positions accounting for $583.1M. Open interest rose 9.2% over 24 hours to $49.4B, but slipped 0.7% in the latest hour.
Solana at $118.48 as Negative Funding Meets $5.4B Open Interest
Solana trades at $118.48 after a 7.4% move, while open interest has risen to $5.4B and the average funding rate remains negative. Short liquidations reached $35.3M over 24 hours, exposing a crowded but still expanding derivatives market.
XRP Open Interest Jumps 16.4% to $2.49B as Shorts Get Squeezed
XRP open interest rose 16.4% in 24 hours to about $2.49B, with Bybit and Binance among the major venues adding exposure. Shorts accounted for $17.7M of $20.1M in 24-hour liquidations, while account positioning remained far more bullish than taker flow.
XRP Derivatives: $2.46B OI Jumps 14.7% as Shorts Face Breakout
XRP open interest reached $2.46B after rising 14.7% in 24 hours, while price gained 7.0% to $1.4992. Short liquidations dominated at $16.8M versus $2.4M for longs, but account positioning remains heavily long.
Bitcoin OI Surges 9.7% as Short Liquidations Reach $500.1M
Bitcoin open interest has climbed 9.7% in 24 hours to roughly $49.6B while short liquidations reached $500.1M, creating a clear leverage-driven rally. Exchange positioning remains divided, with taker flow heavily short despite a sharp rise in OI.
Worldcoin OI Hits $339.3M as 24-Hour Exposure Climbs 4.1%
Worldcoin derivatives open interest stands at $339.3M, up 4.1% in 24 hours, while price trades at $0.4447 after a 5.5% move. Account positioning remains long-heavy, but taker flow and venue funding show a divided structure rather than a clean bullish consensus.
Sui Derivatives: 39.6% OI Surge Meets a $7.4M Liquidation Skew
Sui open interest climbed 39.6% in 24 hours to $899.8M, while short liquidations reached $5.7M against $1.8M for longs. Account positioning remains heavily long at 71.6%, but taker flow is more defensive, creating a sharp liquidation-skew risk.
Aptos OI Purge Watch: $121.2M Open Interest, 12.5% Higher
Aptos open interest has climbed 12.5% in 24 hours to $121.2M, but the latest hour shows a 0.1% retreat while short liquidations dominate the recent purge. Exchange positioning is split: accounts remain heavily long, while active Binance takers are selling into the move.
Stellar XLM: $200.8M OI Surge Meets a 64.3% Long Account Bias
XLM open interest has climbed 17.8% in 24 hours to $200.8M, while 64.3% of tracked accounts are long. The positioning is bullish but increasingly crowded, with short liquidations reaching $213.2K against $38.3K for longs.
Crypto Derivatives: $849.3M Liquidations Put Shorts in Control
Crypto derivatives traded $215.8B in 24 hours while open interest held near $132.5B. Short liquidations reached $726.4M versus $122.9M for longs, creating a squeeze-driven market with a fragile downside hedge around BTC options.
TRON Negative Funding Hits -0.010% as Open Interest Falls 2.7%
TRON futures show an average 8-hour funding rate of -0.010% while total open interest has slipped 2.72% to $254.3M. Binance still holds 39.45% of open interest, but Bybit and OKX are adding exposure as takers remain more long than the broader account base.
Litecoin Derivatives: $375M OI Meets 70.6% Long Accounts at $60
Litecoin is trading at $60.49 as open interest reaches $375.1M, up 12.4% in 24 hours, while 70.6% of tracked accounts are long. Short liquidations dominate the tape, but negative funding on Bybit and near-balanced taker flow point to a crowded, unstable advance.
Bitcoin Cash Basis Falls to -47.4% Annualized as OI Adds 6.4%
Bitcoin Cash futures are in deep backwardation, with basis at -0.1% and annualized basis at -47.4%, while aggregate open interest rose 6.4% to $269.4M. Short liquidations dominated the latest windows, but crowded long accounts and uneven funding show that the rally remains structurally fragile.
Ethena ENA: $4.7M Liquidations Meet 65.6% Long Accounts and $540.1M OI
ENA is trading at $0.22083 with $540.1M in open interest and $4.7M in liquidations over the last 24 hours. Accounts remain heavily long at 65.6%, while active taker flow is net short and short liquidations dominate the daily window.