BMNR BMNR · perps

BMNR's derivatives market shows modest positioning with mild bullish sentiment. The aggregated funding rate stands at 2.67%, indicating longs are paying shorts a modest premium, though this sits at the 75th percentile of the past ninety days, placing current funding in the upper range of recent history for this asset. Open interest totals $7.0M across exchanges, a relatively small absolute notional base.

Leverage activity has accelerated lately. Over the past twenty-four hours, open interest grew +2.0%, but the seven-day change of +21.8% reveals a sharper build-up in positioning over the intermediate term. This rapid accumulation of contracts suggests traders are adding exposure, though liquidation imbalance stands at +0.00, meaning long and short liquidations were balanced over the day with no directional skew.

The leverage risk score of 16 reflects low fragility relative to BMNR's typical state. Despite the recent position growth and elevated funding percentile, the overall leverage environment remains benign, suggesting the current long bias is not yet compressed or destabilizing. Monitoring continued OI changes and funding movement will be key to identifying any shift toward crowding.