Open interest climbs to $156B after $648M short squeeze
- —$648 million in shorts liquidated; open interest up 7.59% to about $156 billion
- —BTC at $86,749 (+7.3%), ETH +5.82%, XRP +10.33%, SOL +8.84%
- —133 BTC perpetuals carry roughly $81.1 billion in open interest
- —Funding positive on 24 of 25 largest BTC perpetuals, median 0.00594%
Why it matters: Rising open interest alongside price means fresh leverage: a reversal would force-close more positions than before the squeeze.
Source: CryptoTicker