Coinglass data shows that the total open interest of Bitcoin contracts on the entire network has risen to 74.557 billion USD, setting a new historical high, surpassing the levels during the two peaks of Bitcoin on December 18, 2024 (71.852 billion USD) and January 22, 2025 (69.568 billion USD).
The current funding rates for Bitcoin contracts on mainstream centralized and decentralized trading platforms are generally neutral. Binance (0.0084%), OKX (0.01%), and Bitget (0.01%) maintain neutral rates, while platforms like Bybit (-0.0064%) and BingX (-0.0064%) are slightly bearish.
Clearing data from Bitcoin trading platforms indicates that if the Bitcoin price breaks through 109,028 USD, the cumulative short liquidation intensity will reach 2.181 billion USD; if it falls to 104,921 USD, the cumulative long liquidation intensity will be approximately 2.206 billion USD.
According to statistics, in the past 24 hours, there has been a total liquidation of 250 million USD across the network, with long liquidations amounting to 115 million USD and short liquidations amounting to 134 million USD.

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