ChainCatcher news, according to the Glassnode analysis report, the open interest of Bitcoin perpetual futures in 2024 fluctuates between 220,000 to 240,000 BTC. This figure typically declines rapidly during deleveraging events and rises during more speculative periods. However, recently the open interest has risen to the range of 260,000 to 280,000 BTC, indicating an increase in speculative demand since early June, with Binance, Bybit, and OKX accounting for about 84% of the market share.Previously, when the BTC price dropped to the $53,000 region, it led to a significant deleveraging event, with many long-biased traders being liquidated near the lows. However, the subsequent rebound in price was also very strong, allowing most short-term holders to return to an unrealized profit state, providing much-needed financial relief for the net positive capital inflow in recent weeks.

ChainCatcher news, according to CryptoPotato, the latest weekly report from the cryptocurrency trading platform Bitfinex shows that last week, the U.S. Bitcoin spot ETF lost over $100 million per trading day, with a total outflow amounting to $544.1 million.Analysts from the trading platform stated that the outflow of funds is a combined result of weak ETF investors reacting to short-term negative news and the negative financing rates leading to basis/arbitrage liquidation. One sign of the unwinding of basis/funding arbitrage is the significant decrease in open interest for Bitcoin futures on the Chicago Mercantile Exchange (CME) and other trading platforms. The reduction in open interest aligns with the negative financing rates at several exchanges over the past week, which also corresponds with the net outflows from the ETF, indicating a substantial decrease in financing arbitrage trades related to ETF fund flows.In light of this, it must be recognized that not all ETF fund outflows should be interpreted as direct spot sales. Market sentiment remains bearish.

ChainCatcher news, according to data from the Coinglass platform, the current open interest in Bitcoin exceeds 19 billion USD, standing at 19.354 billion USD. Among them, CME has the largest share at 5.27 billion USD; Binance ranks second at 4.427 billion USD; Bybit ranks third at 3.245 billion USD.

ChainCatcher news, according to Coinglass data, the CME Bitcoin futures open interest reached 108,900 BTC, approximately 4 billion USD, surpassing Binance, which ranks first with Bitcoin futures open interest valued at 3.77 billion USD, followed by Bybit (2.71 billion USD), OKX (1.81 billion USD), Deribit (1.22 billion USD), and Bitget (1.2 billion USD).In addition, regarding Ethereum futures open interest, Binance ranks first with 2.38 billion USD, followed by Bybit (1.55 billion USD), OKX (1.25 billion USD), Deribit (1 billion USD), and CME (629 million USD).

ChainCatcher news, according to Coindesk, the nominal open interest of Bitcoin and Ethereum options on the Deribit platform has exceeded $20 billion, reaching $20.64 billion.The open interest on the platform is nearly close to the peak on November 9, 2021, when the trading price of Bitcoin exceeded $66,000, which is 90% higher than the current market price of $34,170. The current contract terms' open interest is significantly higher than in November 2021.In addition, $4.5 billion worth of BTC and ETH options contracts on the Deribit platform will expire today.

ChainCatcher news, CoinGlass statistics show that in the past two hours, the market has liquidated approximately 1 billion dollars of Bitcoin open contracts, marking the largest short liquidation event of the year to date.