TBTC — price, funding and open interest
TBTC/USDT perpetual on Kraken: price 75,136, 24h turnover $429. Updated in real time.
What this is
Decentralised financetBTC is bitcoin wrapped into Ethereum by the Threshold network: a set of nodes holds BTC and mints the token one-to-one with no single custodian. The decentralised alternative to WBTC; the price moves with bitcoin.
Chart
Chart built from data of Kraken
What the data shows
TBTC trades at 75,136. Over 365 days it ranged between 56,017.4 and 126,303.1; the price now sits in the lower third of that range — 27% of the way from the yearly low to the high.
There is only one venue — Kraken — and no second price source: if it drifted from the market, there would be nothing to notice it by.
NATR is 3.62% on the minute and 3.86% on the hour — price grinds: the hourly range is barely wider than the minute one.
The daily range is 6.9% and five-minute NATR is 2.50%. That range is in the 61th percentile for the year — an ordinary day for it.
24-hour turnover is $429 — the 42th percentile for the year: a normal level of activity for it.
TBTC correlation with Bitcoin over 24 hours is 0.36 — it partly moves with the market.
Over the day -3.21%, over the hour -5.86%, over the last five minutes -0.01% — it moved livelier an hour ago and has since gone quiet.
By turnover it ranks 1880 of 1905 instruments in the screener.
By daily range it ranks 730 of 1905.
Built from current numbers and the coin's own year of history. Updates with the data.
How TBTC behaved before
Tracked since August 2024 — 24 full months. 12 of 24 closed higher, median month -1.0%.
Best month — November 2024: +38.3%. Worst — June 2026: -22.2%.
Computed from our own minute history, month by month. The past promises nothing — but it shows what is ordinary for this instrument and what is not.
Our observations
KairoRight now TBTC is within its usual range: volume, funding and open interest are all unremarkable.
Computed from our own minute history for this coin over a year. Percentile is the share of days the value was below today's. Description only, no forecasts.
What we noticed earlier
Similar instruments
From the same group — decentralised finance. They open the same way, with a chart and a breakdown.
Price and movement
Turnover and activity
How to read this
- Funding is a payment between longs and shorts. A positive rate means longs pay shorts: the market is crowded long.
- The rate rank shows how unusual that rate is for this particular coin: 97 means above 97% of the last month, a rare skew. Without the rank the bare number says nothing — every coin has its own normal.
- Open interest is the money sitting in positions that are still open. Rising alongside price means new money entering; rising while price falls means shorts building up.
- The OI rank is measured in contracts rather than dollars: otherwise it would drift up with price alone and claim a record where nothing changed.
- NATR shows how much a coin moves relative to its own price. High NATR with high turnover is where today's action is.