Ether Open Interest Rises 5.91% as Bitcoin's Stands at $7.74 Billion

Ether open interest rose 5.91% over 24 hours to $5.76 billion in a snapshot taken at 6:01 p.m. ET Nov. 4 (23:01 UTC), the largest gain among five assets. Open interest measures the value of outstanding derivatives contracts. Funding rates are periodic payments between traders holding opposing positions in perpetual futures; positive funding means long-position holders pay short-position holders. The Oct. 9 five-asset derivatives snapshot showed open interest falling across all five assets. Bitcoin (BTC) open interest stood at $7.74 billion, up 0.57% over 24 hours, with a mark price of $80,506. Its funding rate was 0.0029% every eight hours, or 3.2% annualized. Long accounts made up 58.1%, compared with 41.9% short. Ether (ETH) had a mark price of $2,429.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.