Bitcoin Open Interest Falls 7.00% as Long Accounts Outnumber Shorts Across Five Markets

At 6:02 a.m. ET Saturday, Nov. 14, Bitcoin (BTC) open interest fell 7.00% over 24 hours to $6.51 billion, the steepest drop in a five-asset snapshot with more long accounts than short in every market.

Bitcoin's mark price was $67,281, and its funding rate was 0.0033% every eight hours, or 3.7% annualized. Long accounts made up 75.7% of the total, compared with 24.3% short. Positive funding means traders holding long positions pay those holding short positions.

Ether (ETH) had the group's highest positive funding rate, at 0.0064% every eight hours, or 7.0% annualized. Its mark price was $1,909, and open interest was $4.44 billion, down 3.40% over 24 hours. Long accounts represented 78.1% of the total.

Solana (SOL) and Dogecoin (DOGE) had negative funding rates: -0.0063% and -0.0034% every eight hours, respectively. SOL's mark price was $75.73, and its $706.3 million in open interest fell 6.82%; 79.2% of accounts were long. DOGE was marked at $0.0630, with open interest of $152.3 million, down 2.98%, and 71.8% of accounts long.

XRP's mark price was $0.991, with funding at 0.0009% every eight hours, or 1.0% annualized. Open interest was $299.6 million, down 0.90%, and long accounts made up 75.3%. The snapshot updates an earlier five-market perpetual-futures snapshot.