Every Zipp story tagged #OpenInterest, newest first.
Aggregate crypto open interest fell to $59.5B and 24-hour liquidations climbed to $256M, with Zcash absorbing the sharpest unwind as the market awaits August CPI before the Fed's September meeting.
The composition of that OI matters: core crypto perps now dominate again after HIP-3's share slid from 34% to 25%, and a dollar on core perps routes 97% of fees into HYPE buybacks.
The split between crypto and US equities widened on the Labor Day holiday, while BTC futures open interest fell to 670K, the lowest since March, and bearish bets climbed to 51.6% of taker flow.
A speculative rotation into mid-cap leverage has historically preceded sharp corrections, and ZEC's record $2.4B OI plus $34M short squeeze is the cleanest signal of the crowd chasing.
The Sept. 9 International Exchange cutover is operational, not structural: 96.6% of the notional already lives on Deribit, leaving a 30-minute migration window and a new CFTC-mapped custody stack for…
The CFTC breakdown cannot distinguish outright bearish bets from hedges, but the 115.7M XRP-equivalent leveraged-fund short contrasts with net longs from dealers and asset managers.
Most of the $6.4B in open interest was written against a sub-$70K backdrop before the 20% rally, so the post-expiry positioning distribution is what traders will read next.
Open interest on XRP keeps climbing 14.8% even as Binance taker volume prints -$96M, meaning fresh positions are arriving but picking the short side against the two-week rally.
The rebound puts on-chain perpetual trading back in focus, but open interest still has ground to cover before matching its 2025 peak.
The milestone highlights a CFTC-cleared route for U.S. traders into perpetual futures, a notable shift in access to crypto derivatives.
Forced liquidations can amplify a breakout when positioning is crowded, so BTC's ability to hold the move matters after the leverage clears.
The 2.2x gap to the next-closest venue showed that RWA perps open interest was concentrated rather than evenly distributed across centralized exchanges.
The OI-to-volume gap is the widest since September, and Glassnode says resting bids beneath $63K have thinned by a third since July, leaving little cushion if leveraged longs unwind.
Thin turnover leaves a crowded derivatives market more exposed to sharp liquidations, with little resistance available in either direction.
DOGE futures positioning has nearly returned to October levels in coin terms, leaving a crowded long trade exposed to forced selling if the token falls further.
K33 flags a self-reinforcing liquidity drought: spot volume fell 18% last week and 7-day volatility hit a Christmas 2025 low, while elevated perp open interest leaves the market exposed to…
The $1 break unwinds a November 2024 threshold, and the 200K Coreum bridge drain landed the same week leverage rebuilt against a thinning order book.
XRP has the densest leverage pile of any major coin sitting on top of a fragile $1 support, into a binary CPI day where even bitcoin's options are pricing barely a 1.3% post-print swing.
Kalshi still leads the prediction-market space at ~59% of open interest, but its share fell from ~62% as Polymarket quietly climbed to ~41%, fueled by capital rotating out of smaller books.
Deribit just settled $9.6B in monthly options, leaving Bitcoin's next downside magnet at the $60,000 strike, less than 5% below the weekend's open, with ETF flows sidelined until Monday.
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