Crypto Derivatives Dashboard: Bulls Retain Control Amid $488M Liquidation Flush

For Bitcoin and Ethereum, the crypto derivatives dashboard shows important institutional positioning, liquidations, and options market indicators. Driven mostly by long position unwinds totaling $445M as the larger market tested local support levels, 24-hour total liquidations came to almost $488.6M. Leading assets' combined open interest is firmly at $43.28B, which shows strong general market involvement and active leverage use.

While its options market shows significant call concentration near the $85,000 strike with a put/call ratio of 0.65, Bitcoin futures maintain a sustained long bias with a long/short ratio of 2.15 and open interest at $37.36B. Likewise, Ethereum shows a bullish long skew with a 2.60 long/short ratio and options interest focused near the $2,800 strike. Taken together, these indicators point to underlying call-buying optimism and continuous call demand notwithstanding current intraday instability.