BTC/USDT
Last updated: 11/2/2026, 4:00:38 AM
Market calm across metrics
Pulse signals— velocity & rarity composite
What's moving fast right now. Independent from the static stress score.
Stress-score timeline
Aggregated Open Interest (All Exchanges)
Risk Signals (Extra)
Liquidation history
Positioning summary
Of the ~500 Hyperliquid accounts we track, 48 hold BTC: $399.68M long across 22 positions and $798.22M short across 26 positions — net $398.54M short. The nearest tracked liquidation sits 9.3% below the $77758 Hyperliquid mark and would force-close $75.89M of long exposure. That is the 2026-11-02 13:00 UTC whale sweep; the interactive panel below reloads it on its own.
Open Interest
CoinalyzeFunding Rate
CoinalyzePer-exchange futures data▾
| Metric | Binance | Bybit | KuCoin |
|---|---|---|---|
| Price | $78,575.1 | $78,564.1 | $78,575.1 |
| OI (USD) | $7.51B | $5.36B | $774.58M |
| OI share | 55.0% | 39.3% | 5.7% |
| OI (tokens) | 95,592 | 68,206 | 9,858 |
| Funding rate | 0.0089% | — | — |
A dimmed exchange means the pair isn't listed there. Funding & long/short are Binance-only.
External Data (CoinMarketCap & Coinalyze)
Other BTC-trackers
BTC sits in the BTC-trackers cohort. These perpetuals trade alike, so their leverage tends to build and unwind the way BTC's does:
Stress score (0–1) and 24h price change, from the same daily sync as this page.
BTC perpetuals — common questions
Answered from this pair's current readings, refreshed with the daily sync.
What are BTC's current liquidation levels?
On Hyperliquid, where BTC whale positions are visible address by address, the nearest tracked liquidation sits 9.3% below the $77758 Hyperliquid mark and would force-close $75.89M of long exposure. On the other side, $114.12M of shorts liquidate 13.4% above that same mark. Across the exchanges we aggregate, $14.16M of BTC positions were actually liquidated in the last 24 hours.
How much open interest does BTC have right now?
Aggregated open interest in BTC perpetuals is $13.64B: $7.51B on Binance (55%), $5.36B on Bybit (39%) and $774.58M on KuCoin (6%). That position base is +0.7% over 24 hours and -1.8% over the last week. Open interest is 2.69× the pair's 24-hour volume, so positions are being held rather than churned.
What is BTC's funding rate?
Binance settles BTCUSDT funding at 0.0089% every 8 hours, which annualises to roughly 9.7%. Funding is positive, so longs are paying shorts to keep the trade on — the crowd is leaning long and carrying a cost to do it. At that rate a $10,000 position on the long side pays about $2.66 a day to stay open.
Are whales long or short BTC?
Among the ~500 largest Hyperliquid accounts we track, 48 hold positions of $100k or more in BTC: $399.68M long across 22 and $798.22M short across 26 — a net $398.54M short. At the start of the tracked week that net figure was $455.73M short. These are real on-chain positions read off Hyperliquid, not a model output — roughly a third of Binance USDT-perps have a Hyperliquid market, and BTC is one of them.
Is BTC over-leveraged right now?
BTC's leverage-stress score is 0.033 out of 1.0, which we band as low risk. It blends three readings: how big the perp book is next to the token itself ($1580.45B of market cap against $13.64B of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($14.16M in the last 24 hours). A high score means fragile, not bearish: it says a move would be violent, not which way it would go.
Has BTC seen heavy liquidations lately?
Over the last 30 complete days, 72% of the BTC notional that got liquidated was long positions and 28% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 30th percentile of the last 90 days, meaning today is about normal for this pair. The mirrored bar chart on this page plots the daily long/short split for the past year.
BTC/USDT (BTCUSDT) perpetual futures shows a leverage-stress score of 0.033 out of 1.0 (low risk), $13.64B in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of 0.0089% as of Nov 2, 2026. These are diagnostic readings of market conditions, not a trade signal.