Crypto Flows
Perpetual funding rates, open interest and liquidations — the real-time positioning signal native to crypto.
Bitcoin
$63,003-1.7% 7d
Open interest (OKX)
$2.6B-2.4% 7d
Funding
0.0054%/8h(~5.9% ann.)
Long/short accounts
2.08
- ▸Price down + OI down: longs are closing rather than shorts pressing — a deleveraging flush, closer to exhaustion than initiation.
- ▸Funding near flat (~5.9% ann.): the perp crowd isn't leaning hard either way.
- ▸Long/short accounts at 2.08: retail positioning unremarkable.
Open interest vs price · 90d
Funding rate history · 8h prints (~33d)
Long/short account ratio · 90d (OKX)
Accounts long per account short. Spikes = retail piling long (contrarian caution); below 1 = crowd net short.
Estimated liquidation ladder
Where leveraged positions opened at the current price would liquidate, weighted by a standard leverage distribution and today’s OI. An ESTIMATE of the magnet zones — price is drawn to dense clusters because forced liquidations provide the liquidity for the next move.
Ethereum
$1,867+0.4% 7d
Open interest (OKX)
$1.61B-0.4% 7d
Funding
-0.0016%/8h(~-1.7% ann.)
Long/short accounts
2.2
- ▸OI and price are drifting without a decisive flow signature this week.
- ▸Funding near flat (~-1.7% ann.): the perp crowd isn't leaning hard either way.
- ▸Long/short accounts at 2.2: retail positioning unremarkable.
Open interest vs price · 90d
Funding rate history · 8h prints (~33d)
Long/short account ratio · 90d (OKX)
Accounts long per account short. Spikes = retail piling long (contrarian caution); below 1 = crowd net short.
Estimated liquidation ladder
Where leveraged positions opened at the current price would liquidate, weighted by a standard leverage distribution and today’s OI. An ESTIMATE of the magnet zones — price is drawn to dense clusters because forced liquidations provide the liquidity for the next move.
The 60-second version
Spot price tells you what happened; derivatives flows tell you who is positioned for what happens next. Open interest is the amount of leveraged money in the game, funding is what that money pays to keep its bias, the long/short ratio is which way retail leans, and the liquidation ladder is where forced sellers and buyers are waiting to be triggered. Bitcoin and Ethereum only — the majors are where the flows are readable.
How to read the flows
- The OI/price matrix (the core read) — price down + OI up = new shorts pressing (trend fuel AND squeeze fuel); price down + OI down = longs liquidating (exhaustion, closer to a low); price up + OI up = trend-supported; price up + OI down = short-covering (fades unless OI turns). The stat strip computes this verdict for you every refresh.
- Funding as crowd temperature — persistently positive funding = longs crowded (squeezes hit below); negative funding = shorts paying (squeezes hit above). The history bars show whether today's print is a regime or a blip.
- The liquidation ladder — price is drawn to dense liquidation clusters because forced closes provide the liquidity big players need. The nearest heavy band below spot is the magnet in a flush; the nearest above is the target in a squeeze. Estimated from OI + standard leverage tiers — the same physics Coinglass maps, from public data.
- Long/short ratio at extremes — retail piling long into weakness has historically marked continuation lower; retail net short has fuelled the sharpest rallies.
Methodology & sources
Open interest history, funding-rate history and long/short account ratios come from OKX’s public API (chosen over Binance, which geo-blocks US datacenter IPs); prices from Yahoo. The liquidation ladder is an estimate: liquidation prices for 5x-100x positions opened near spot, weighted by a standard leverage distribution and current OI — real liquidation maps require private order data, and this page says “estimated” rather than pretending otherwise. Refreshes every 15 minutes.
In the MTS framework
Crypto flows are a Time input: they time entries into theses that Motion has already built. An accumulation-zone thesis (Motion) firing while funding is negative, retail is short and OI shows longs already flushed is the full-confluence long. The same thesis with funding stretched positive and retail crowded long is early — the leverage has to reset first.