"Positive Outlook as Bitcoin Price and Open Interest Rise Together"

Son Min

Summary

"It was reported that the open interest in Bitcoin has surged, raising the possibility of a continued upward trend."
"It was explained that the open interest in Bitcoin futures on Binance has significantly increased and the funding rate remains positive."
"It was revealed that there is a possibility of significant volatility in Bitcoin soon."

The open interest (OI) in Bitcoin (BTC) perpetual futures has surged by approximately $600 million, leading to opinions that the upward trend may continue.

On the 24th (local time), CoinDesk reported, "Recently, Bitcoin has seen a slight increase, and futures open interest has risen alongside it," stating, "This is a positive signal that Bitcoin's upward trend may continue."

The media outlet explained, "In particular, the open interest in Bitcoin futures on Binance has surged by 7000 BTC (approximately $614.6 million)," adding, "The funding rate also remains positive (+), indicating investor sentiment is focused on long positions." It further added, "Significant volatility in Bitcoin is expected soon."

BTC