Saturday market data showed a modest pullback in crypto futures positioning, with Bitcoin futures open interest down 0.69% to $7.68 billion. Funding rates remained positive at 0.0035% every eight hours, indicating that long positions in perpetual contracts were still paying shorts. The data points to continued long-side pressure in the perpetual futures market even as overall open interest edged lower.
At the same time, Solana futures open interest fell 4.25% to about $929.5 million. Market data also showed that long accounts made up 63.2% of the total. The figures were reported by Techub News in a Saturday market update.
Saturday market data cited by Techub News showed Bitcoin futures open interest fell 0.69% to $7.68 billion, while funding rates stayed positive at 0.0035% every eight hours. In the perpetual futures market, that means longs were still paying shorts.
Over the same period, Solana futures open interest dropped 4.25% to about $929.5 million. Long accounts represented 63.2% of the market.
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