Bitcoin (BTC) and Ether (ETH) were the only two of five tracked crypto perpetual-futures markets to post higher open interest in a Thursday snapshot, while Bitcoin retained the largest total.
At 6:05 p.m. ET Thursday, Nov. 12, BTC open interest stood at $7.23 billion, up 0.94% in 24 hours. Ether reached $4.70 billion, a 0.14% increase. Open interest totals the dollar value of derivatives contracts that remain open.
The other three markets moved lower. Solana (SOL) open interest fell 1% to $786.7 million, XRP’s dropped 0.59% to $317.5 million, and Dogecoin (DOGE) declined 0.84% to $161.1 million.
BTC, SOL and XRP each recorded the highest eight-hour funding rate, at 0.0100%. DOGE was at 0.0096%, while ETH stood at 0.0087%. Funding payments flowed from long traders to short traders in all five markets.
The long-account share was above 50% in every market. It ranged from 71.6% for DOGE to 77.9% for SOL; BTC was at 76.1%, ETH at 77.8% and XRP at 75.5%.
A Tuesday, Nov. 10 EconoTimes snapshot of the same markets also put Bitcoin first by open-interest total, while Solana led the daily percentage gains.
