Alright, let's take a look at the derivatives market this week.
We're seeing funding rates for $BTC, $ETH, and $SOL hovering around 0.001%. Open interest for Bitcoin is sitting at $3.1 billion, which is pretty flat at 0.0%.
Over the last 24 hours, we've had about $220.4 million in liquidations. The put/call ratio for BTC isn't available right now.
Just a heads-up, that $220.4 million in liquidations is something to keep an eye on, especially with the funding rate at 0.001%. It looks like some episodic deleveraging is happening, but the bias isn't clear yet. Definitely worth watching funding rates, open interest, and liquidation clusters. As always, not financial advice, do your own research.
We're seeing funding rates for $BTC, $ETH, and $SOL hovering around 0.001%. Open interest for Bitcoin is sitting at $3.1 billion, which is pretty flat at 0.0%.
Over the last 24 hours, we've had about $220.4 million in liquidations. The put/call ratio for BTC isn't available right now.
Just a heads-up, that $220.4 million in liquidations is something to keep an eye on, especially with the funding rate at 0.001%. It looks like some episodic deleveraging is happening, but the bias isn't clear yet. Definitely worth watching funding rates, open interest, and liquidation clusters. As always, not financial advice, do your own research.
