$BTC Derivatives: Fuel & Risk (Bearish Angle)

Overview:

Perpetuals open interest rose 2.66% to

$691B, with average funding rates at +0.0097% - the highest in 30 days.

However, Bitcoin liquidations surged 278% to $121.56M in 24h.

What it means:

While leverage amplifies upside, the market is vulnerable to cascading sell-offs if BTC breaks below $118K support.