Did you know? Bitcoin’s derivatives market open interest has surged to a record high of $19.8 billion! What does this mean? Not only has the market’s liquidity surged, but more importantly, most of these contracts are betting on Bitcoin’s price to rise! Coupled with the funding rate climbing to its highest point since August, this further shows that traders’ bullish sentiment is growing.
Is this a fluke or a prelude to an upcoming bull run? In any case, this trend shows that investors in the crypto market are keeping a close eye on the future potential of Bitcoin. Do you also feel the pulse of the market? Now may be the time to re-examine your investment strategy.
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