Across Binance and OKX, the top three most popular perpetual futures pairs have shown a decent price uptick (+2% to 2.5% over the last 24 hours) alongside a big jump in trading volume. However, their open‐interest (OI) figures are diverging somewhat: while Binance’s BTC/USDT perpetual shows both volume and OI rising, most other pairs either show […]
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The open interest-weighted funding rate for Bitcoin perpetual futures turned negative in the past 24 hours. A negative funding rate usually signals bearish sentiment in the futures market, but the majority of liquidations seen in the past day were shorts, which typically follow a price increase. This apparent contradiction starts making sense when looking at […]
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President Donald Trump’s surprise announcement about a strategic crypto reserve triggered an aggressive wave of volatility in the market. Bitcoin’s abrupt spikes and drops in the past several days had a pronounced effect on the futures market, driving trading volumes, shifts in open interests, and large-scale liquidations. Bitcoin’s perpetual futures (perps) overwhelmingly dominated trading activity […]
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The product is part of Synthetix's ongoing effort to revamp after a governance overhaul in October.
GMX, a perpetual futures trading platform, will be a launch partner and leverage Chainlink’s tech to fuel the decentralized futures exchange.
The Bitcoin derivatives market experienced significant volatility in the past week. In addition to fluctuations in open interest (OI), trading volume fluctuated significantly. Data from Glassnode showed that the total 24-hour trading volume for perpetual futures across all exchanges dropped from $53.156 billion on June 12 to $10.910 billion on June 15. Trading volume rebounded […]
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The funding rate for perpetual futures serves as a proxy for market sentiment and shows the balance between long and short positions. Significant deviations from the average funding rate across exchanges can signal potential imbalances in positioning. A spike in the funding rate on a particular exchange shows a large number of long positions, which […]
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Perpetual futures are a type of derivatives contract unique to the crypto market. Unlike traditional futures, which have a set expiration date, perpetual futures never expire, allowing traders to hold their positions indefinitely. To make this type of contract financially viable, the market employs a mechanism called the funding rate. Funding rates are periodic payments […]
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