Bitcoin Futures Reach 778K BTC, Traders Add Short Bets as Liquidations Hit $1B in 24 Hours; Ethereum Holds Steady

BTC0.33%
ETH0.68%

According to BlockBeats, in the past 24 hours on June 26, the cryptocurrency derivatives market saw liquidations totaling approximately $1 billion, with Ethereum accounting for more liquidation volume than Bitcoin.

Bitcoin's open interest rose for the second consecutive day to 778,000 BTC, with the uptick occurring late Thursday, indicating traders are actively shorting amid the recent decline. In contrast, Ethereum's open interest has remained stable near 14 million ETH since June 15, with traders showing no panic selling pressure. Bitcoin's 30-day implied volatility index surged to 53%, its highest level since June 7, while Ethereum's volatility index reached 66%.

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