Bitcoin Futures Open Interest Falls 0.3% as Spot Selling Deepens

Bitcoin futures open interest edged lower in the week ended Oct. 18 as spot selling strengthened, while outflows from U.S. spot Bitcoin exchange-traded funds narrowed. The figures show mixed market conditions, with no weekly increase in outstanding futures positions. Open interest fell 0.3% to $36.4 billion from $36.5 billion seven days earlier. Long-side funding payments rose to $1.6 million from $1.1 million, a 49.4% increase. The payment figure is not a funding rate. Spot cumulative volume delta was negative $83.6 million, compared with negative $67 million a week earlier. U.S. spot Bitcoin ETF net outflows narrowed to $230 million from $674.9 million, while trading volume declined to $10.1 billion from $10.4 billion. Bitcoin was $81,763, down 1.33% over 24 hours, as of 12:09 a.m. ET (04:09 UTC) Friday, Oct. 23.

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