Exchange insurance funds put back +$58.7M in the 24 hours to Nov 4, a +0.85% day, yet the week still reads -8.84%. These are the reserves venues keep to pay for liquidations that close below the bankruptcy price.
The 10 venues we track held $6.98B. OKX, the largest at $2.95B, moved most at +1.41%, with Bybit at +1.32% and Gate at +1.06%. MEXC was the only big fund lower, at -0.09%.
Together they equal 14.66% of perpetual open interest on the coins we track, meaning the money sitting in open futures bets. Each fund is a balance the venue reports, not an audit.
The 10 venues we track held $6.98B. OKX, the largest at $2.95B, moved most at +1.41%, with Bybit at +1.32% and Gate at +1.06%. MEXC was the only big fund lower, at -0.09%.
Together they equal 14.66% of perpetual open interest on the coins we track, meaning the money sitting in open futures bets. Each fund is a balance the venue reports, not an audit.
