Bitcoin Perps Heat Up Again As Leveraged Longs Rise

Data shows traders have set up fresh Bitcoin positions on the perpetual futures market during the past day, and the Funding Rate suggests they are long bets. Bitcoin Open Interest Has Witnessed An Uptick According to data from on-chain analytics firm Glassnode, the surge Bitcoin has seen to kick off Monday has come alongside a spike in the Bitcoin perpetual futures Open Interest. Related Reading: Bitcoin Inflow Slowdown: CryptoQuant Founder Says Sentiment Could Take Months To Recover The “Open Interest” refers to an indicator that keeps track of the total amount of BTC perpetual futures positions that are currently open on all derivatives exchanges. When the value of this metric rises, it means the investors are opening up fresh positions on the market source: https://www.newsbtc.com/bitcoin-news/bitcoin-perps-heat-again-leveraged-longs-rise/