๐ฅ BTC Futures Still Holding Strong
Total BTC futures open interest (OI) = $78.5B
CME leads with $16.24B (thatโs 21% of the market!) ๐ฆ
๐ BTC basis on CME is up to 3.6%, one of the highest levels across exchanges โ this usually signals strong institutional demand, either through spot buying or long hedges.
๐ง Institutions Re-entering ETH Positions
ETH futures OI is $48.18B, up 3.57% this week ๐
CMEโs ETH OI grew 4.56% in just 24 hours!
ETH basis = 2.6% โ more signs of institutional bets ramping up, possibly due to ETF hype or technical breakouts โก
๐ Altcoins Getting Attention Too
XRP futures OI = $7.33B, up 1.6% in a day
๐๏ธ CME's XRP basis is a whopping 8.4% ๐ณ โ this suggests strong leveraged long interest or demand for regulated exposure
Most XRP OI is now split between Bybit and Binance โ showing strong retail trader interest
๐ฐ Funding Rates Stay Elevated
BTC, ETH, DOGE, and XRP funding rates are at the max (0.03% daily) โ thatโs about 11% per year ๐ฎ
SOLโs short-term funding is chill at 0.006%, but its 30-day avg is at the cap โ traders still bullish long-term
๐ฆ Whereโs the Action?
Binance + Bybit = 29% of BTC OI
But CME is gaining fast ๐ฅ
For ETH, CME now makes up almost 12% of total OI โ this is a big institutional shift that wasnโt happening just 2 months ago!
โ ๏ธ Whatโs the Takeaway?
We're in a market where:
Big players are heavily long
Premiums are rising
But altcoin OI is still kinda flat
This kind of setup often leads to sharp moves โ up or down โ because there's a lot of leverage waiting to get triggered. ๐ฅ
๐ง TL;DR:
โ Institutions are back in BTC & ETH
โ XRP is gaining attention, especially on CME
โ Funding rates show strong bullish bias
โ ๏ธ Market is loaded with leverage โ Big move coming?
๐ฃ Whatโs your move โ bullish, hedged, or sitting out? Let us know in the comments!๐