Crypto Flows
Perpetual funding rates, open interest and liquidations — the real-time positioning signal native to crypto.
Bitcoin
$77,237-4.7% 7d
Open interest (OKX)
$3.68B+7.5% 7d
Funding
0.01%/8h(~11% ann.)
Long/short accounts
2.76
- ▸Price down + OI up: fresh shorts are building into weakness — trend confirmation for bears, squeeze fuel if a bid appears.
- ▸Funding near flat (~11.0% ann.): the perp crowd isn't leaning hard either way.
- ▸Long/short accounts at 2.76: retail heavily long — contrarian caution.
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 an assumed standard leverage distribution (5x 30%, 10x 35%, 25x 20%, 50x 10%, 100x 5%). Band prices are exact liquidation math; band sizes are an assumption, not measured positioning — they do not change with OI or sentiment. Read it as a distance map, not a measured cluster.
Ethereum
$2,230-6.5% 7d
Open interest (OKX)
$1.8B+0.7% 7d
Funding
0.0005%/8h(~0.5% ann.)
Long/short accounts
2.91
- ▸OI and price are drifting without a decisive flow signature this week.
- ▸Funding near flat (~0.5% ann.): the perp crowd isn't leaning hard either way.
- ▸Long/short accounts at 2.91: retail heavily long — contrarian caution.
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 an assumed standard leverage distribution (5x 30%, 10x 35%, 25x 20%, 50x 10%, 100x 5%). Band prices are exact liquidation math; band sizes are an assumption, not measured positioning — they do not change with OI or sentiment. Read it as a distance map, not a measured cluster.
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 maps the prices at which forced sellers and buyers at each leverage tier would 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 — a distance map: band prices are exact liquidation math for 5x-100x positions opened at spot, so you can see how far a flush or squeeze has to travel to force out each leverage tier. Band sizes are an assumed fixed leverage mix — the heaviest band is always 10x (±10%) by construction, not because positions are measured there. Treat it as where liquidations would sit, not a measured cluster.
- 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 an assumed standard leverage distribution (not by live OI or order data) — 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.