Bitcoin Leads Five-Asset Open Interest Snapshot at $7.71 Billion

Bitcoin (BTC) had the largest open-interest total among five crypto perpetual-futures markets at 6:01 a.m. ET Nov. 5, with $7.71 billion as Ether (ETH) led the group in 24-hour growth.

Bitcoin open interest fell 0.88% over 24 hours. Its mark price was $80,306, and long accounts made up 58.5% of the total, compared with 41.5% short. The figure represents the value of derivatives contracts that remain outstanding.

Ether open interest climbed 4.24% to $5.74 billion, the biggest increase among the five assets. Its mark price was $2,420, with 66.3% of accounts long and 33.7% short.

Solana (SOL) open interest increased 2.44% to $892.1 million. Its mark price was $96.72, and long accounts represented 73.2%, compared with 26.8% short.

XRP open interest rose 3.09% to $454.5 million. Its mark price was $1.32, with 71.7% of accounts long and 28.3% short.

Dogecoin (DOGE) open interest declined 2.27% to $195.7 million. Its mark price was $0.0769. Long accounts represented 72.9%, while short accounts represented 27.2%.

All five assets had a funding rate of 0.0100% every eight hours, equivalent to 10.9% annualized. At a positive funding rate, traders with long positions pay traders with short positions. The snapshot follows an earlier five-market open-interest reading.