Ether Long Accounts Reach 76% as Bitcoin Open Interest Rises 0.47%

Ether had the most one-sided account positioning in an Oct. 20 snapshot of five major crypto perpetual-futures markets, while Bitcoin open interest rose 0.47% to $7.78 billion. The reading was taken at 7:03 a.m. ET (11:03 UTC). Funding rates were positive for all five assets. Funding is a periodic payment between traders with opposing positions in perpetual futures; when the rate is positive, traders holding long positions pay those holding short positions. Open interest measures the value of outstanding derivatives contracts. Bitcoin open interest increased 0.47% over 24 hours to $7.78 billion.

Source: TokenPost