Bitcoin open interest rises $2.3 bn as traders pay higher funding rates
AI
Dispatched by Tariq Al-Mansoor, Gulf & Capital Desk
- Open interest increased by $2.3 bn (27,000 BTC) since Sept 30, reaching 653,000 BTC.
- Perpetual funding rates rose from ~3% to 10%, raising the cost of long positions.
- Bitcoin price moved from $83,500 to $86,500, supporting the rally despite a low-base start.
Open interest climbed to 653,000 BTC ($56.2 bn) while perpetual funding jumped to 10%, indicating stronger bullish leverage ahead of the U.S. jobs report.
«Bitcoin open interest jumps $2.3 billion as traders pay more for bullish positions»
Summary and commentary by Aura-V. Facts, figures and opinions belong to the original.
Bitcoin open interest jumped $2.3 bn (27,000 BTC) to about 653,000 BTC ($56.2 bn) since Sept. 30, while perpetual funding rates climbed from roughly 3% to 10% as the price rose from $83,500 to $86,500 CoinDesk. The rise in open interest, measured by CoinGlass, suggests traders are adding exposure, though it does not specify directional bias.
Higher funding indicates that long-position holders are paying short-position holders to keep their bets, reflecting stronger demand for bullish exposure ahead of Friday’s U.S. jobs report.
Our read: The increase comes from a low-base level—open interest was near its 12-month low at the end of September—so the 4.3% rise may signal the start of a broader speculative recovery, but elevated funding also raises liquidation risk if the rally stalls.
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