Bitcoin open interest reaches new all-time high with increased bullish sentiment

Bitcoin’s open interest has reached a new all-time high of $19.8 billion, signaling increased activity in the derivatives market, according to analyst EgyHash via CryptoQuant data. Funding rates have also hit their highest positive level since August, suggesting that the majority of these positions are long on Bitcoin. The surge in open interest reflects a […] source: https://cryptoslate.com/insights/bitcoin-open-interest-reaches-new-all-time-high-with-increased-bullish-sentiment/