The Bitcoin price (BTC) jumped from $ 2% to $ 87,800 from Midnight UTC. The increase was accompanied by an increase in future open interest in binance, validating the mood of the dynamic market to report lasting gains.
The open interest in the BTC-USDT term contracts listed on the stock market has increased by around 7,000 BTC ($ 614.6 million) since the first hours of Asian negotiation, according to data followed by Coinglass and Velo Data. The open interest refers to the number of active or open contracts at a given time.
In addition, financing rates on binance have been positive to suggest a bias for bullish betting (long) with leverage.
“It is a good sign, volatility is coming,” said Quince, referring to the notable increase in open interest.
