Market Overview - Bitcoin (BTC) is trading at $112,900, while Ether (ETH) is at $4,150, reflecting increases of 0.78% and 1.1% respectively in the past 24 hours as the market consolidates after a recovery [1] - Futures open interest has risen from $29 billion to $31 billion, indicating a bullish bias in the market [1] Altcoin Activity - The decentralized exchange Aster has achieved a daily trading volume of $64 billion, attracting traders with leverage options up to 300x [2] Derivatives Positioning - BTC futures open interest increased to approximately $31 billion from a recent monthly low of $29 billion, signaling renewed trader interest, with Binance leading at $12.7 billion [3] - The three-month annualized basis has climbed to 7% from around 6%, enhancing the profitability of basis trades [3] - The BTC options market shows mixed signals; while the 25 delta skew for short-term options is decreasing, indicating a premium for puts, the 24-hour put-call volume shows calls dominating at 65% of contracts traded [3] - Funding rates on major exchanges like Binance and OKX have turned positive, reaching around 7% and 10% respectively, suggesting a growing appetite for leveraged long positions [3] Liquidation Data - Coinglass data indicates $316 million in liquidations over 24 hours, with a split of 44% longs and 56% shorts, led by ETH ($73 million), BTC ($70 million), and others ($29 million) [3] - The Binance liquidation heatmap identifies $115,000 as a critical liquidation level to monitor in the event of a price rise [3]