{"id":34859,"date":"2025-07-02T18:17:04","date_gmt":"2025-07-02T18:17:04","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34859"},"modified":"2025-07-02T18:17:04","modified_gmt":"2025-07-02T18:17:04","slug":"bitcoin-futures-open-interest-surges-nearly-10-as-btc-eyes-110k","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34859","title":{"rendered":"Bitcoin Futures Open Interest Surges Nearly 10% as BTC Eyes $110K"},"content":{"rendered":"<div>\n<p>Open interest in bitcoin perpetual futures surged Wednesday by the most in four months as the leading cryptocurrency neared the $110,000 mark.<\/p>\n<p>Open interest in perpetual futures listed on offshore exchanges rose by nearly 10% to $26.91 billion, the highest single-day increase since March 2, according to data source Velo. The data tracking website included activity in USD and USDT-denominated perpetuals listed on Binance, Bybit, OKX, Deribit, and Hyperliquid.<\/p>\n<p>Open interest refers to the number of active or open contracts, often expressed in terms of their cumulative dollar-denominated value. <\/p>\n<p>An uptick in open interest alongside a price rise is said to confirm the uptrend. BTC&#8217;s price surged over 3.5% to $109,600 due to a host of factors, including the disappointing U.S. ADP jobs report, which strengthened calls for Fed rate cuts, Trump&#8217;s trade deal with Vietnam, and the launch of the REX-Osprey Solana + Staking ETF\u00a0(SSK).<\/p>\n<p>Furthermore, the perpetual funding rates of BTC and ETH rose slightly from an annualized 5% to over 7%, suggesting renewed demand for leveraged bullish plays. Funding rates for DOGE and ADA topped the 10% mark.<\/p>\n<p>BTC&#8217;s price rally also led to a total of $300 million in liquidations or forced closure of leveraged futures plays due to margin shortages. Most of the forced closures were bearish short positions, according to the data source Coinglass.<\/p>\n<p>A total of 107,604 traders have been liquidated in the past 24 hours, with the largest single order, worth over $2.32 million, happening on Hyperliquid.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Open interest in bitcoin perpetual futures surged Wednesday by the most in four months as the leading cryptocurrency neared the $110,000 mark. Open interest in perpetual futures listed on offshore exchanges rose by nearly 10% to $26.91 billion, the highest single-day increase since March 2, according to data source Velo. The data tracking website included [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-34859","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34859"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34859\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}