BlockBeats News, May 21st, according to Coinglass data, the total open interest of Bitcoin contracts across the network has reached a record high of $74.557 billion. This data is slightly higher than the previous two times Bitcoin reached a phase top (December 18, 2024, at $71.852 billion, and January 22nd of this year at $69.568 billion).
It is worth noting that the current mainstream CEX and DEX Bitcoin contract trading pairs' funding rates show a relatively neutral market, with some platforms' rates slightly favoring a bearish sentiment. Platforms like Binance (0.0084%), OKX (0.01%), and Bitget (0.01%) have neutral funding rates. Platforms like Bybit (-0.0064%) and BingX (-0.0064%) have rates slightly favoring a bearish sentiment.
According to Bitcoin exchange platform liquidation map data, if Bitcoin breaks through $109,028, the cumulative short liquidation strength will reach $2.181 billion; if Bitcoin falls to $104,921, the cumulative long liquidation strength will also reach $2.206 billion.
In the past 24 hours, the total liquidation across the network was $250 million, with long liquidations at $115 million and short liquidations at $134 million.
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