Bitcoin contract open interest reaches $74.557 billion, a record high

Odaily Planet Daily News Coinglass data shows that the total Bitcoin contract holdings have risen to US$74.557 billion, a record high, higher than the levels of Bitcoin at the two stage tops on December 18, 2024 (US$71.852 billion) and January 22, 2025 (US$69.568 billion). The Bitcoin contract funding rates on the current mainstream centralized and decentralized trading platforms are generally neutral. Binance (0.0084%), OKX (0.01%), and Bitget (0.01%) maintain neutral rates, while Bybit (-0.0064%), BingX (-0.0064%) and other platforms are slightly bearish. The liquidation data of the Bitcoin trading platform shows that if the Bitcoin price breaks through $109,028, the cumulative short order liquidation intensity will reach $2.181 billion; if it falls to $104,921, the cumulative long order liquidation intensity will be about $2.206 billion. According to statistics, in the past 24 hours, the entire network has a total liquidation of $250 million, of which long orders have a liquidation of $115 million and short orders have a liquidation of $134 million.