Merchants once again place daring bets on perpetual term contracts, not discouraged by recent volatility which has triggered a significant course of long leverages.
Singapore QCP capital reported on Monday that the interest open for perpetuals (expiration without expiration) increases, as well as financing rates through the main centralized and decentralized exchanges, signaling a strong bias towards long positions.
“Optimism reappears in the perpetual space very and a lever effect. Rather than withdrawing after last week’s liquidations, the long lever are back into force,” said the company’s market information team in a Monday update.
The team stressed that the cumulative open interest in BTC Perpetuals worldwide increased from $ 42.8 billion to $ 43.6 billion. Although modest, this increase reflects renewed capital entries.
Meanwhile, annualized financing rates on the main platforms such as Deribit increased to 13%. The positive rates indicate that long -term post holders are willing to pay costs to shorts to keep their positions open.
“The long hyperliquid bias is also 57% amounts to only 36% last week,” added the team.
The will of investors to pay two -digit financing rates demonstrates an increasing conviction that prices will continue to increase during the fourth historically bull.
The data also suggests that last week’s volatility did not significantly shake investors’ confidence. The price of the BTC decreased in the first four days of the previous week, the clearest drop of less than $ 109,000 occurring on Thursday.
The sale has led to more than $ 700 million in liquidations of long leverages – the largest one -day figure in at least six months, depending on Coinglass.
The Bitcoin price has since recovered to exchange nearly $ 114,000.
