bitworld

BitWorld (BTW) across the whole network surged 7%+ within an hour, with the daily gain once climbing above 93%. But what’s even more brutal than the price increase is the derivatives side:

Total open interest across the network in 24 hours jumped from 178 million to 321 million US dollars, a surge of 80%, with Binance alone accounting for 167 million. New money is rushing in.

The short side has been truly cornered these days. In the past 24 hours, liquidations hit $4.92 million, of which shorts accounted for 92%—$4.52 million worth of short positions were wiped out in a chain liquidation, which is 11 times the size of the longs ($0.40 million).

Funding rates were slammed to the limit: Bybit 0.167%, KuCoin 0.156%, Binance 0.137% (all with 4-hour settlement). At these rates, shorts have to pay 8% of their principal per day—without even factoring in the price moving against them.

Market details: 24h low 0.3647, high 0.7788, with an amplitude exceeding 100%; the current price at 0.693 is in a pullback. This morning from 09:00–10:00 (UTC), an additional $1.22 million in short liquidations occurred within an hour—squeezes haven’t completely ended yet.

+80% open interest and 92% liquidations—along with funding rates collectively overheating—this is a textbook squeeze structure. Chasing longs means weighing the funding-rate costs; going short means weighing the liquidation levels.

BTW real-time open interest and liquidation data: coinboss.com/currencies/BTW
Network-wide funding rate ranking: coinboss.com/derivatives

#BTW #BitWorld #爆仓 #资金费率 # contract