AI read2026-07-10

BTC funding dispersion is the lead: Bybit printing 0.7989% vs CoinEx at 0% flat — 79.89bp spread across venues on a $45.9B OI book.

BTC basis compressed 1h intraday: 0.0491% → 0.0442%, while ETH basis dropped sharply 0.058% → 0.044% in the same window against near-flat price action.

ETH 24h liq near-balanced: $16.1M long vs $16.4M short — no dominant flush despite OI contracting 0.82% on the day.

SOL OI +1.22% 4h with long/short holding above 1.02 across all windows; BTC/ETH OI both shedding in parallel, divergent flow.

BTC spot ETF 7d net: -$92.8M; 24h flow stale/zeroed — institutional demand absent as perp funding stays elevated.

AI Trade SetupHyperliquid · est. liq map

bearish

Positioning is structurally long-heavy; the $61K–$62K long-liq band is the line in the sand — a break triggers cascading forced selling.

Price: $62,885 (1h HL perp) — grinding lower from the $64K rejection, probing the upper edge of the heaviest long-liq cluster.

Watch: A reclaim above $63K relieves downside pressure; failure to hold $61K–$61.5K opens the flush path toward $60K.

Signal	Value	Read	Bias
Price (1h HL)	$62,885	Below 1h VWAP, trending down	bearish
OI	$6.24B	Near top of 7d range — crowded	elevated
Funding (1h)	+0.0058%	25th percentile — low, not frothy	neutral
Liq imbalance (est.)	4.6x long	est. $8.6B long-liq vs $1.9B short-liq nearby	bearish

Key catalysts

•Clear rejection from the $64K–$64.7K zone with a volume spike on the selloff to $61.7K — distribution pattern.
•Funding flat — no cost to hold shorts, no squeeze premium for longs.

Story

BTC put in a local top near $64.7K and has been decaying since. The liquidation map is the key structural read: est. $3.4B of long-liq sits at $61.1K–$61.5K. With imbalance heavily favoring longs, those clusters are the tripwire.

Key levels

Level	Type	Note
$63,000–$63,550	Short-liq zone (est. $1.1B)	Reclaim = squeeze trigger toward $64K+
$62,885	Spot (1h)	Below the overhead liq wall
$61,087–$61,548	Long-liq cluster (est. $3.4B)	Line in the sand; break = cascade toward $60K

Bottom line: No clean long setup here — wait for either a flush into the $60K–$61K zone with reversal confirmation, or a strong reclaim of $63K+ before considering a long.

Next steps

Liquidation figures are estimates, not exchange-reported. Educational information, not financial advice.

Structured trade setups from live Hyperliquid funding, OI and liquidation data — free, 10 per day.

Derivatives Cockpit

Coinglass · 04:29 AM · 60s

BTCFunding split across venues

Bitfinex 0.0175% vs KuCoin -0.0040% (Δ 0.0215%/8h)

Trade BTC · BingX

BTC$64,102

funding+0.0025%/8h

+0.0%

OI +0.1%

+0.0%

OI -0.3%

24h

+0.3%

OI +0.4%

Open interest$47.09B

L/S ratio 24h1.03

Basis (perp−spot)+0.051%· 24h +0.045%

Liq 24h (L / S)$14.0M/$36.2M

Execute BTC perp on BingXnet fee 0.050%or OKX · net fee 0.050%

ETH$1,796

funding+0.0057%/8h

+0.1%

OI +0.1%

+0.1%

OI -0.3%

24h

+1.2%

OI +1.1%

Open interest$24.38B

L/S ratio 24h1.00

Basis (perp−spot)+0.054%· 24h +0.048%

Liq 24h (L / S)$8.9M/$20.1M

Execute ETH perp on BingXnet fee 0.050%or OKX · net fee 0.050%

SOL$77.63

funding+0.0036%/8h

-0.1%

OI -0.0%

-0.4%

OI -0.3%

24h

-1.6%

OI -2.1%

Open interest$5.12B

L/S ratio 24h0.99

Basis (perp−spot)+0.077%· 24h +0.051%

Liq 24h (L / S)$4.0M/$843K

Execute SOL perp on BingXnet fee 0.050%or OKX · net fee 0.050%

BTC funding by venue

avg +0.0030% · spread 0.0215%

Binance 0.0014%OKX 0.0010%Bybit 0.0075%KuCoin -0.0040%MEXC 0.0013%CoinEx 0.0000%Bitfinex 0.0175%Kraken -0.0004%

Binance ↔ Hyperliquid+0.0014%vs+0.0100%Δ -0.0086% · 1h ago -0.0073% · 24h ago -0.0051%Velo

Retail vs top traders (BTC)

Retail 56.0% long

Top 58.6% long · Δ +2.7%

BTC ETF flow

$90.4M 24h

7d $124.9M

Grade your trade

Upload a screenshot — get a decision-quality scorecard judged against this exact funding & OI regime.

Follio earns a commission when you sign up or trade through these links. Where the program allows, we share part of it back with you as a fee rebate. We rank venues by your real net cost, not by what we earn. This is not financial advice.

Read-only market data. Not financial advice, not a buy/sell signal.