Top 100 Cryptocurrencies by Open Interest
The cryptocurrency derivatives market is a dynamic space where traders leverage instruments like perpetual contracts to speculate on price movements. Below, we analyze the top 100 cryptocurrencies by open interest (OI), highlighting key metrics such as spot price, derivatives volume, and liquidation data.
Key Metrics Overview
| Name | Price | Spot Price (24h%) | Perp Price (24h%) | OI ($) | OI (24h%) | Spot Vol (24h) | Derivative Vol (24h) | Liquidation (24h) |
|---|---|---|---|---|---|---|---|---|
| BTC | $107,013.99 | 0.03% | 0.03% | $37.46B | -0.14% | $7.61B | $46.04B | $52.32M |
| ETH | $2,446.12 | -0.81% | -0.81% | $18.45B | 3.96% | $4.41B | $37.08B | $40.98M |
| SOL | $149.09 | -0.35% | -0.35% | $4.28B | 1.96% | $1.51B | $8.96B | $8.16M |
| XRP | $2.19 | -0.87% | -0.86% | $2.81B | -3.03% | $1.05B | $3.90B | $5.10M |
| BNB | $655.61 | 0.21% | 0.24% | $561.29M | -1.22% | $251.21M | $333.06M | $438.11K |
(Table truncated for brevity; full data available in the original source.)
Core Insights
- Bitcoin Dominance: BTC leads with $37.46B OI, reflecting its liquidity and market maturity.
- Ethereum Activity: ETH’s 3.96% OI growth signals rising trader interest amid network upgrades.
- Altcoin Volatility: Coins like PENGU and NEWT show high liquidation rates, indicating speculative trading.
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FAQ Section
1. What is open interest in crypto derivatives?
Open interest measures the total value of active derivative contracts (e.g., futures) not yet settled. Rising OI often indicates new money entering the market.
2. How does liquidation impact prices?
Mass liquidations can trigger cascading sell-offs, exacerbating price drops. For example, BTC’s $52.32M liquidation suggests localized volatility.
3. Why track funding rates?
Positive rates imply longs pay shorts (bullish sentiment), while negative rates suggest bearish dominance.
4. Which altcoins have high OI growth?
SOL (+1.96%) and PEPE (+4.95%) show notable increases, reflecting trader confidence in these assets.
Market Indicators and Trends
- Stablecoins: USDC and FDUSD maintain minimal price deviation, underscoring their role in risk management.
- Meme Coins: DOGE and PEPE exhibit high derivative volumes, driven by retail speculation.
👉 Compare funding rates across exchanges to optimize trading strategies.
Conclusion
This data snapshot highlights the interplay between OI, liquidity, and market sentiment. Traders should monitor liquidation levels and funding rates to gauge potential turning points. For institutional-grade insights, leverage platforms with robust analytics tools.
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