Bitcoin Futures Open Interest Slips To $7.68 Billion As Traders Keep Funding Positive

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. TL;DR: A Saturday derivatives snapshot showed Bitcoin open interest at $7.68 billion, down 0.69% in 24 hours. Funding remained positive, but the data does not establish that traders have finished reducing leverage. Bitcoin‘s derivatives market is heading through the weekend with slightly less leverage outstanding, though not with an outright bearish positioning signal. A market snapshot at 11:00 UTC on Saturday, October 17, put Bitcoin futures open interest at $7.68 billion, a 0.69% decline over 24 hours. The same survey recorded a positive funding rate of 0.0035% per eight-hour interval, meaning long positions were paying shorts on the perpetual contracts represented in the sample. Those two readings describe different things. Falling open interest means contracts are being closed or reduced; pos...