Crypto Liquidity

Where crypto's money and leverage sit: open interest, funding and liquidations, stablecoin supply, the bitcoin companies hold, and what a dollar earns on-chain.

On this page

  • BTC open interest on the exchanges we cover, against the BTC price, and each exchange's share
  • The OI-weighted BTC funding rate and BTC liquidations, daily
  • Bitcoin held by US companies that file 10-Qs with the SEC, from their filings, and Strategy's purchases
  • Stablecoin supply on-chain for the 10 largest dollar stablecoins, by coin and by chain, the issuers' estimated reserve income, the supply ratio against BTC, and the largest mints and burns
  • Positioning and a week of funding across large coins
  • Hyperliquid's own perpetuals: volume, open interest, vault and share of BTC open interest, and its largest markets
  • Who is driving the BTC price: 30 days of net buying on spot and on perpetuals
  • The BTC basis against the 3-month Treasury bill, and the term structure
  • What a dollar earns or costs to borrow on-chain, as yearly rates against the 3-month Treasury bill
  • Funding rates by exchange for BTC, ETH and SOL, now and predicted

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