Bitcoin Open Interest Climbs 4.38% in Five-Asset Futures Snapshot

Bitcoin (BTC) open interest rose 4.38% to $7.85 billion in a five-asset perpetual-futures snapshot at 7:03 a.m. ET Oct. 27, the largest 24-hour gain among the tracked assets. The reading covered Bitcoin, Ether (ETH), Solana (SOL), XRP and Dogecoin (DOGE). Open interest measures the dollar value of derivatives contracts that remain open, giving a measure of active futures exposure. The snapshot also recorded each asset's mark price, funding rate and share of accounts positioned long or short. Bitcoin's mark price was $80,064, and its funding rate was 0.0088% every eight hours, equivalent to 9.6% annualized.