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Home›Crypto›Market Structure›Bitcoin open interest rises by $2.3 billion as bullish…

Bitcoin open interest rises by $2.3 billion as bullish positions cost more

CoinDesk said the increase in open interest and higher funding rates point to renewed demand for bullish bitcoin exposure.

Reported · Written up by our desk · Market Structure

CoinDesk reports that bitcoin open interest jumped by $2.3 billion, indicating traders are taking on more positions in the market.

The outlet also notes that funding rates have risen, reflecting higher costs for keeping bullish bitcoin positions open, which aligns with renewed demand for that exposure.

Latest closeBitcoin $86,394.17 ▲1.8%

← Newer storyRising bitcoin perpetual funding rates point to more bullish leverage

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Sources

CoinDeskBitcoin open interest jumps $2.3 billion as traders pay more for bullish positions

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