# Bitcoin Open Interest Rises About $1 Billion During Selloff By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/50311 Published: 2026-11-06T19:57:23.000Z Updated: 2026-11-06T19:57:23.000Z Section: Investing > Funding rates eased before turning higher again. Bitcoin open interest rose by about $1 billion during a recent selloff as leverage and derivatives exposure increased. Bitcoin (BTC) was $75,696 at 2:54 p.m. ET (19:54 UTC) Friday. Funding rates eased before turning higher again. Open interest tracks derivatives contracts that remain open. Each contract has a long side and a short side, so a higher total does not show which direction traders favor or establish whether demand for spot Bitcoin increased. TokenPost previously covered a separate rebound in which [Bitcoin futures open interest fell 11%](). ## Links in this article - [Bitcoin futures open interest fell 11%](https://www.tokenpost.com/news/investing/29539)