Summary
- Open interest (OI) in Bitcoin (BTC) futures surged to $4 billion within 24 hours.
- It was analyzed that short positions (short positions) have notably increased on Binance, Bybit, and Gate.io.
- It was reported that in the market, the increase in short positions could be a signal of a short-term correction.
On the 25th (local time), Julio Moreno, head of research at CryptoQuant, announced on his X (formerly Twitter) account, "Along with a large Bitcoin (BTC) transfer today, open interest (OI) on major exchanges surged to $4 billion within 24 hours."
He explained, "Short positions have notably increased on Binance, Bybit, and Gate.io," analyzing that "as BTC deposits concentrate on these exchanges, the potential for more short positions is growing."
In the market, there is an interpretation that the increase in short positions could signal a short-term correction.
Meanwhile, BTC is trading at $115,585.94, down 2.45% from the previous day, in the Binance Tether (USDT) market at 01:37 on the 26th.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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