Bitcoin perpetual open interest climbed to 310,000 BTC while funding rates do Bitcoin perpetual open interest climbed to 310,000 BTC while funding rates do
Bitcoin perpetual open interest rises as traders bet on year-end rally
Bitcoin perpetual open interest climbed to 310,000 BTC while funding rates doubled, signaling bullish positioning for the year-end.
Crypto derivatives markets are heating up as Glassnode reports perpetual open interest has risen in anticipation of a big move at the end of this year.
Perpetual open interest (OI) has risen from 304,000 to 310,000 Bitcoin (BTC) as its price briefly touched $90,000 on Monday, Glassnode said on Monday.
The funding rate has also “heated up” from 0.04% to 0.09%, which suggests derivatives traders are anticipating a potential market move by the end of the year.
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