Share this article
Bitcoin Futures Open Interest Surges Nearly 10% as BTC Eyes $110K
An uptick in open interest alongside a price rise is said to validate the uptrend.
Updated Jul 2, 2025, 5:05 p.m. Published Jul 2, 2025, 5:04 p.m.
What to know:
- Open interest in bitcoin perpetual futures surged by nearly 10%.
- Bitcoin's price rose over 3.5% to $109,600, driven by factors like a weak U.S. ADP jobs report and the launch of a new ETF.
- The price rally led to $300 million in liquidations, primarily affecting bearish short positions.
Open interest in bitcoin perpetual futures surged Wednesday by the most in four months as the leading cryptocurrency neared the $110,000 mark.
Open interest in perpetual futures listed on offshore exchanges rose by nearly 10% to $26.91 billion, the highest single-day increase since March 2, according to data source Velo. The data tracking website included activity in USD and USDT-denominated perpetuals listed on Binance, Bybit, OKX, Deribit, and Hyperliquid.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Open interest refers to the number of active or open contracts, often expressed in terms of their cumulative dollar-denominated value.
An uptick in open interest alongside a price rise is said to confirm the uptrend. BTC's price surged over 3.5% to $109,600 due to a host of factors, including the disappointing U.S. ADP jobs report, which strengthened calls for Fed rate cuts, Trump's trade deal with Vietnam, and the launch of the REX-Osprey Solana + Staking ETF (SSK).
Furthermore, the perpetual funding rates of BTC and ETH rose slightly from an annualized 5% to over 7%, suggesting renewed demand for leveraged bullish plays. Funding rates for DOGE and ADA topped the 10% mark.
BTC's price rally also led to a total of $300 million in liquidations or forced closure of leveraged futures plays due to margin shortages. Most of the forced closures were bearish short positions, according to the data source Coinglass.
A total of 107,604 traders have been liquidated in the past 24 hours, with the largest single order, worth over $2.32 million, happening on Hyperliquid.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto Markets Today: Traders Seek Catalysts After Bitcoin’s Post-Fed Pullback
The crypto market slipped to the lower end of its range after the Federal Reserve’s 25bps rate cut failed to spark fresh momentum.
What to know:
- BTC is trading near $90,350 after defending the $88,200 support zone, but momentum remains capped below the key $94,500 resistance level.
- Implied volatility fell to its lowest since November, ETH/BTC IV spreads widened, and risk reversals stayed negative across tenors while open interest declined—most sharply in ADA.
- Low-liquidity conditions dragged tokens like ETHFI, FET, ADA and PUMP down more than 8%, while privacy-focused XMR stood out with gains as the broader altcoin season index slumped to 19/100.
Top Stories
