BitMEX Positions

BitMEX invented the perpetual swap, and its XBTUSD contract was for years the price-discovery centre of Bitcoin derivatives. This page is planned to track position distribution and large-position changes on BitMEX, reading the positioning structure of a venue whose historical influence still lingers.

BitMEX's share has fallen from outright dominance in 2019 to low single-digit percentages, so its absolute open interest carries less information than it once did. As a flagship inverse (coin-margined) venue it remains useful for understanding coin-margined leverage — where collateral value shrinks as price falls, mechanically amplifying liquidation cascades. When comparing venues, do not mistake BitMEX's shrinking share for market-wide deleveraging.

Volume and market-structure metrics describe the size and distribution of trading activity. Methodologies differ sharply between venues (wash-trading filters, USD conversion), so confirm the accounting basis before comparing platforms side by side.

The live chart for this metric is still being wired up. Global volume, venue share and perp-vs-spot pages already carry real data.