Woofun AI data shows that cryptocurrency derivatives markets recorded approximately $1 billion in liquidations over the past 24 hours, with Ethereum experiencing higher liquidation volumes than Bitcoin. Bitcoin futures open interest increased for a second consecutive day, reaching 778,000 BTC, indicating traders are adding short positions amid downward trends. Conversely, Ethereum futures open interest has remained stable around 14 million ETH since June 15th, with no active shorting observed during price declines.

The adjusted 24-hour trading volume difference based on open interest indicates that the top 25 large-cap cryptocurrencies remain predominantly short, excluding BNB, SOL, and TON.

Meanwhile, the Bitcoin 30-day annualized implied volatility index rose to 53%, its highest level since June 7th, while the Ethereum volatility index reached 66%. In the options market, Bitcoin skew approached 30% with significant put premiums, including large trades of July 10th put options with a $53,000 strike price.