Summary
- Bitcoin perpetual futures open interest has surpassed an all-time high of $80 billion.
- The reason is that derivatives investors have expanded leverage in anticipation of a rise in Bitcoin prices.
- There is analysis suggesting that the inflow of funds into Bitcoin spot ETFs could offset the impact of leverage.
Bitcoin (BTC) perpetual futures open interest (OI) has reached an all-time high.
Cointelegraph reported on the 23rd (local time), citing Coinglass data, that Bitcoin perpetual futures open interest surpassed $80 billion on this day. This is an increase of about 30% compared to the beginning of the month. Cointelegraph stated, "The Bitcoin futures open interest has reached a record high," and "This is the result of derivatives investors expanding leverage in anticipation of a rise in Bitcoin prices."
There is also a suggestion to pay attention to the inflow of funds into Bitcoin spot ETFs. Cointelegraph noted, "Analysts say that with more than $2.5 billion flowing into Bitcoin ETFs this week alone, the surge in ETF funds could partially offset the excessive leverage impact."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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