Data shows that bitcoin financing rates are still quiet via stock exchanges, a sign that investors have not developed excessive noise around BTC yet.
The average funding rate of future contracts Bitcoin currently hovering about 0.007 %
In the latest weekly report, Analysis Company Glassnode Discuss how open interest rates and financing related to the Bitcoin Futures market changed recently.
First, the “open interest” indicates an indicator that tracks the total amount of future BTC situations currently open to all central stock exchanges.
Below is the joint graph of the joint scale by the Analysis Company in the report:
Looks like the value of the indicator has been going down in recent weeks | Source: Glassnode's The Week Onchain - Week 19, 2025
As shown in the graph above, the future Bitcoin storms recorded the benefit at the height when the last price recovery began, but as the cryptocurrency continues to increase, the index witnessed a sharp decrease.
This decrease is due to the mass filtering event that includes palaces holders. The “liquidation” here refers to the strong closure of any open contract when it collects a certain degree.
Investors who were betting on the original are likely to be arrested during the gathering, and it ended with a large amount of them to cross the liquidation threshold.
Before short pressure, Bitcoin’s open interest was 370,000 BTC, but today it decreased to 336000 BTC, which means a decrease of about 10 %. “This reduction gives us a feeling of large size in the size of short pressure,” Glassnode notes.
In general, the increase in open attention can lead to an increase in volatility of the original, as it raises the risk of violent mass filtering. Low, on the other hand, it can lead to a quieter action.
Thus, with a decrease of 10 % of the recent Bitcoin’s open interest, the other pressure is likely to be less likely to occur and the market may act in a more stable way.
While the trend in open interest tells us about the total position of the sector, it does not contain any information on how to divide the positions between short and long pants. Another scale is called the financing rate is useful to know this.
The funding rate measures the total amount of periodic fees exchanged by investors in the futures market between each other. Below is a scheme that shows the trend in the value of the index separately for the main platforms, as well as the medium value.
The changes in the Funding Rates across the major exchanges during the last couple of years | Source: Glassnode's The Week Onchain - Week 19, 2025
As visible in the graph, the financing rate means a positive bitcoin at the present time, indicating that the long investors are dominant. However, upward feelings are not very strong when compared to the past, as the value of the scale is only 0.007 %.
BTC price
Bitcoin is moving sideways recently as its price is still trading on a 103,800 dollar sign.
The trend in the BTC price over the past month | Source: BTCUSDT on TradingView
Distinctive image from Dall-I, Glassnode.com, Chart from TradingView.com
Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.
