How much did open interest jump?

TLDR

Open interest jumped modestly this week: global crypto perpetuals rose about 0.33% to 764.51 B, while Bitcoin (BTC) perps added roughly 6,000 BTC.

1. BTC perps OI climbed from 304k to 310k BTC as funding rose to 0.09% per a Glassnode summary.
2. Some coverage reported combined OI up ~3% to $131B around Dec 22 in a market update.
3. Differences reflect scope (perps vs all derivatives) and timing, so figures vary across sources.

Deep Dive

1. Global OI

The broad crypto perpetuals open interest rose about 0.33% over the last seven days, ending near 764.51 B (range: 22 Dec29 Dec, UTC). This signals a small rebuild of leveraged positioning into year?end, but not a wholesale regime shift.

• The week saw whipsaw flows and holiday thin liquidity, which can exaggerate intraday OI spikes and fades without a clear trend.
• Aggregate derivatives metrics are sensitive to coverage sets (exchanges and instruments), so global prints move less than single?asset headlines.

2. Bitcoin Perps Detail

For Bitcoin, the perpetuals OI rose from 304k to 310k BTC, while the funding rate doubled from 0.04% to 0.09%, indicating a fresh buildup of leveraged longs per Glassnodes summary in a Cointelegraph report.

1. The move coincided with price probing the $90,000%%CKPROTECTED1%% area and options attention into late?December expiries.
2. Rising funding generally implies long bias and increases the risk of long squeezes if price reverses.
3. Social posts echoed largest since style claims, but official coverage focused on the 304k?310k BTC change and funding jump.

3. Sources Differ

Some outlets framed the weeks move as combined open interest up ~3% to $131B around Dec 22 in a market update. That figure reflects a different scope and timestamp than the latest global perpetuals snapshots.

1. Combined OI can mix futures and perpetuals across varying exchange sets.
2. Timing matters: day?specific prints can show larger jumps than week?over?week changes.
3. Single?asset headlines (for BTC) often show bigger percentage changes than the multi?asset aggregate.

Conclusion

Open interest did jump, but the magnitude depends on scope. Global perpetuals rose about 0.33% this week, while BTC perps added ~6,000 BTC with funding turning more positive. The setup points to higher volatility potential if ranges break, with leverage creating both fuel for continuation and risk of squeezes.