The total open interest for Bitcoin contracts across the network has reached 74.557 billion USD, setting a new historical high. This figure is slightly higher than when Bitcoin previously touched the peak stages (718.52 billion USD on December 18, 2024, and 695.68 billion USD on January 22 this year).
It is worth noting that the funding rates for Bitcoin contract trading pairs on mainstream CEX and DEX platforms currently show a relatively neutral market, with some platforms slightly leaning bearish. The funding rates on Binance (0.0079%), OKX (0.01%), and Bitget (0.01%) are neutral. Platforms such as Bybit (-0.0067%) and BingX (-0.0066%) have rates that lean slightly bearish.
According to the liquidation map data from Bitcoin trading platforms, if Bitcoin breaks through 109,070 USD, the cumulative short liquidation intensity will reach 2.253 billion; if Bitcoin drops to 104,186 USD, the cumulative long liquidation intensity will also reach 3.04 billion.
In the past 24 hours, the total liquidation across the network was 240 million USD, with long liquidations amounting to 106 million USD and short liquidations at 134 million USD.