coin-img-XAUTXAUT+2.48%coin-img-PAXGPAXG+3.46%coin-img-ETHETH-2.47%coin-img-BTCBTC-1.71%coin-img-SOLSOL-2.04%coin-img-XRPXRP-2.12%coin-img-ROBOROBO+7.15%coin-img-USDCUSDC+0.00%coin-img-XAUTXAUT+2.48%coin-img-PAXGPAXG+3.46%coin-img-ETHETH-2.47%coin-img-BTCBTC-1.71%coin-img-SOLSOL-2.04%coin-img-XRPXRP-2.12%coin-img-ROBOROBO+7.15%coin-img-USDCUSDC+0.00%coin-img-XAUTXAUT+2.48%coin-img-PAXGPAXG+3.46%coin-img-ETHETH-2.47%coin-img-BTCBTC-1.71%coin-img-SOLSOL-2.04%coin-img-XRPXRP-2.12%coin-img-ROBOROBO+7.15%coin-img-USDCUSDC+0.00%coin-img-XAUTXAUT+2.48%coin-img-PAXGPAXG+3.46%coin-img-ETHETH-2.47%coin-img-BTCBTC-1.71%coin-img-SOLSOL-2.04%coin-img-XRPXRP-2.12%coin-img-ROBOROBO+7.15%coin-img-USDCUSDC+0.00%

Bitcoin Funding Rate Falls to 6% as Open Interest Climbs to 687,000 BTC and $500M in Positions Liquidated

Bitcoin perpetual contract funding rates fell to 6%, one of the lowest levels in three months, as open interest denominated in BTC rose from 668,000 BTC to 687,000 BTC following brief price drops to $63,000 after U.S. and Israeli strikes on Iran, CoinGlass data cited by Coindesk show. The negative funding rate reflects strong bearish sentiment, with traders paying a premium to maintain short positions. Over $500 million in crypto positions were liquidated in the past 24 hours, including more than $420 million in long liquidations, while Bitcoin attempts to reclaim $64,000 and market analysts cited by Coindesk see conditions that could lead to a short squeeze.
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