Bitcoin Open Interest Climbs 4.38% in Five-Asset Futures Snapshot

Bitcoin (BTC) open interest rose 4.38% to $7.85 billion in a five-asset perpetual-futures snapshot at 7:03 a.m. ET Oct. 27, the largest 24-hour gain among the tracked assets.

The reading covered Bitcoin, Ether (ETH), Solana (SOL), XRP and Dogecoin (DOGE). Open interest measures the dollar value of derivatives contracts that remain open, giving a measure of active futures exposure. The snapshot also recorded each asset's mark price, funding rate and share of accounts positioned long or short.

Bitcoin's mark price was $80,064, and its funding rate was 0.0088% every eight hours, equivalent to 9.6% annualized. Accounts were 70.4% long and 29.6% short, the smallest long share among the five assets.

Positive funding means traders with long positions pay those holding short positions. All five rates in the snapshot were positive, with XRP recording the highest rate.

Ether open interest rose 0.99% to $5.48 billion, with a $2,320 mark price and funding of 0.0048% every eight hours, or 5.3% annualized. Long accounts were 77.6%, the highest share in the group; short accounts were 22.4%.

Solana open interest advanced 1.84% to $903.3 million. It had a $100.30 mark price and a 0.0073% funding rate every eight hours, equal to 8.0% annualized. The account split was 75.4% long and 24.6% short.

XRP open interest gained 2.82% to $404.0 million, with a mark price of $1.31. Its 0.0100% rate every eight hours annualized to 10.9%; accounts were 75.9% long and 24.1% short.

Dogecoin had the smallest open-interest increase, up 0.54% to $213.8 million. Its mark price was $0.0774, and funding was 0.0056% every eight hours, or 6.1% annualized. Long accounts were 73.1%, versus 26.9% short.

Long accounts made up a majority across all five assets. In an Oct. 21 five-asset futures snapshot, XRP had the highest annualized funding and the largest 24-hour open-interest gain.