Bitcoin Leads Five-Asset Open Interest Snapshot at $7.63 Billion

Bitcoin (BTC) had the largest open-interest total among five major crypto perpetual-futures markets at 6 a.m. ET Sunday, while Ether (ETH) was the only asset with negative funding.

Bitcoin open interest stood at $7.63 billion, up 1.34% over 24 hours. Its mark price was $78,000, and long accounts represented 70.5% of the market, compared with 29.5% short. Funding was 0.0100% every eight hours, equivalent to 10.9% annualized.

Open interest reflects the value of futures positions that traders have not closed. It increased over the prior 24 hours for all five assets in the snapshot. Long accounts represented at least 70.5% in each market, with the share ranging from 70.5% for Bitcoin to 76.5% for Solana (SOL).

Ether open interest was $5.41 billion, up 3.46% over 24 hours, with a mark price of $2,269. Its funding rate was -0.0008% every eight hours, or -0.9% annualized. Long accounts made up 72.4%, while short accounts were 27.7%.

Solana had a mark price of $95.38 and open interest of $864.1 million, a 3.78% increase over 24 hours. Its funding rate was 0.0100% every eight hours, equivalent to 10.9% annualized. Long accounts accounted for 76.5%, compared with 23.5% short.

XRP’s mark price was $1.26. Open interest rose 4.30% over 24 hours to $344.5 million, the largest percentage increase among the five assets. Funding was 0.0100% every eight hours, or 10.9% annualized. Long accounts made up 71.8%, compared with 28.2% short.

Dogecoin (DOGE) had a mark price of $0.0758 and open interest of $192.6 million, up 0.67% over 24 hours. Its funding rate was 0.0095% every eight hours, equivalent to 10.4% annualized. Long accounts represented 71.5%, while short accounts were 28.5%.

When funding is positive, long-position holders pay short-position holders. All five funding rates were positive in an Oct. 18 five-asset funding snapshot; Ether had a negative rate in the Nov. 1 reading.