Bitcoin Open Interest Rises to $8.09 Billion in Derivatives Snapshot

Bitcoin (BTC) open interest climbed to $8.09 billion in a perpetual-futures snapshot at 7:05 a.m. ET (11:05 UTC) on Oct. 21, with four of five tracked assets showing 24-hour increases. BTC open interest rose 4.04% over that period. Bitcoin open interest stood at $7.76 billion in the Oct. 18 reading . Long accounts represented 56.6% of Bitcoin accounts in the latest reading, down from 62.5% on Oct. 18, while short accounts made up 43.4%. Bitcoin’s mark price was $83,442. Its funding rate was 0.0100% every eight hours, matching the Oct. 18 reading. A positive funding rate means holders of long positions pay holders of short positions. Ether (ETH) had the second-largest open-interest total at $5.69 billion, up 2.83% over 24 hours.

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