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Rising bitcoin perpetual funding rates point to more bullish leverage
CoinDesk says rising open interest and higher perpetual funding rates indicate increased demand for bullish bitcoin exposure as the asset moved above $86,500.
CoinDesk reports that rising perpetual funding rates for bitcoin are being linked to growing bullish leverage as the cryptocurrency crosses $86,500.
The outlet adds that the rise in open interest, along with elevated funding rates, signals renewed demand for bullish bitcoin exposure.
Latest closeBitcoin $86,459.85 ▲1.9%
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