Bitcoin Open Interest Rises to $8.09 Billion in Derivatives Snapshot

Bitcoin (BTC) open interest climbed to $8.09 billion in a perpetual-futures snapshot at 7:05 a.m. ET (11:05 UTC) on Oct. 21, with four of five tracked assets showing 24-hour increases.

BTC open interest rose 4.04% over that period. Bitcoin open interest stood at $7.76 billion in the Oct. 18 reading. Long accounts represented 56.6% of Bitcoin accounts in the latest reading, down from 62.5% on Oct. 18, while short accounts made up 43.4%.

Bitcoin’s mark price was $83,442. Its funding rate was 0.0100% every eight hours, matching the Oct. 18 reading. A positive funding rate means holders of long positions pay holders of short positions.

Ether (ETH) had the second-largest open-interest total at $5.69 billion, up 2.83% over 24 hours. Its mark price was $2,462, and its eight-hour funding rate matched Bitcoin’s at 0.0100%. Long accounts made up 72.4% of the ETH market, compared with 27.7% short.

XRP recorded the largest percentage increase in open interest among the five assets, rising 5.57% to $434.9 million. Its mark price was $1.36, and its eight-hour funding rate was 0.0029%. The account split was 71.5% long and 28.5% short.

Solana (SOL) was the only asset in the group whose open interest fell. It declined 1.31% to $909.2 million, with a mark price of $106.83 and an eight-hour funding rate of 0.0050%. Long accounts represented 71.6%, against 28.4% short.

Dogecoin (DOGE) open interest increased 3.73% to $224.4 million. Its mark price was $0.0820, and funding was 0.0045% every eight hours. Long accounts held a 72.0% share, while short accounts held 28.0%.