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Bitcoin derivatives & sentiment

Leverage, positioning and market mood.

Derivatives and sentiment show the cost and size of futures positioning and the state of market mood. Funding is a payment rate, open interest is a stock, and Fear and Greed is an index.

By Axel Adler Jr. · Updated

Today’s reading · data for (UTC)

Funding Rates

Cost of leverage

0.0086%Neutral

What perpetual futures longs pay shorts, or the reverse.

Open chart Open Interest (BTC)

Open futures positions

335.1K BTC

Total open futures positions, measured in BTC.

Open chart Fear & Greed Index

Fear & Greed Index

50Neutral

Daily market sentiment from 0 (extreme fear) to 100 (extreme greed).

Open chart
Guide

How to read derivatives & sentiment

Funding and open interest

Positive funding means longs pay shorts. Higher open interest means more outstanding positions, with both a long and a short on each futures position.

Keep the units separate

Funding is a daily average in percent. Open interest is denominated in BTC. A change in one cannot be added to the other.

Sentiment is context

Fear and Greed summarizes market mood. Its thresholds follow the published Framework and do not make it a timing signal.

All charts

3 derivatives & sentiment charts

Futures positioning

The cost and amount of open exposure.

Market sentiment

A bounded 0-100 index, not a position or cash flow.

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Latest derivatives & sentiment briefs

Short Liquidations Hit $290 Million in a Day Bitcoin Declines Amid Weakness in the Futures Market Market sentiment has cooled: the Fear & Greed Index falls to 51 Inflation Accelerated, Bitcoin Fell 3.3%, and Open Interest Is Rising $520 Million in Long Liquidations: Stress Approached Three-Month Peaks
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FAQ

Derivatives & sentiment, explained

What does derivatives & sentiment cover?

Derivatives and sentiment show the cost and size of futures positioning and the state of market mood. Funding is a payment rate, open interest is a stock, and Fear and Greed is an index.

How should the derivatives & sentiment charts be read together?

Compare the dates and units first. The charts describe different aspects of the same market and are not interchangeable buy or sell signals.

How often are the derivatives & sentiment readings updated?

Once a day, from full UTC days. Each chart displays its own date and keeps its last verified version when new data fails validation.

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