The total open interest of Bitcoin contracts on the entire network exceeded 38 billion US dollars, approaching the historical high

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Cointime2024/10/16 08:48

By:Cointime

According to Coinglass data, the total open position of Bitcoin contracts on the entire network has exceeded 38 billion US dollars, currently reported at 38.351 billion US dollars, with a 24-hour increase of 1.07%, approaching the historical high point of 39.031 billion US dollars on March 29 this year. The growth is mainly contributed by the CME platform, which has seen a 5.87% increase in open positions in the past 24 hours, while Binance has decreased by 1.27% in the past 24 hours.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14