Data: Long-short divergence in crypto derivatives, BTC positions rise as traders intend to chase shorts, ETH positions stabilize without panic selling.

ME News, June 26 (UTC+8), over the past 24 hours, the crypto derivatives market experienced massive liquidations, with total liquidation volume of approximately $1 billion. Ethereum liquidations exceeded Bitcoin.
Meanwhile, Bitcoin futures open interest rose for the second consecutive day to 778,000 BTC. The surge in open interest late Thursday shows Bitcoin traders adding short positions during the downtrend.
In contrast, Ethereum futures open interest has remained stable around 14 million ETH since June 15, and Ethereum traders have not been actively shorting during the decline.
The 24-hour cumulative volume delta adjusted for open interest shows that shorts continue to dominate among the top 25 crypto tokens, with the exception of BNB, SOL, and TON.
At the same time, Bitcoin's 30-day annualized implied volatility index jumped to 53%, the highest since June 7; Ethereum's volatility index rose to 66%.
In the crypto options market, Bitcoin options skew approached 30% last week, with put option premiums significant. In large trades, put options with a strike price of $53,000 expiring on July 10 have appeared, reflecting strong downward hedging demand. (Source: ChainCatcher)
BTC0.69%
ETH1.79%
BNB0.88%
SOL5.34%
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