BTC Price Rises, But Derivatives Traders Bet on Decline
On the derivatives side, open interest in BTC futures has also increased, reflecting a rise in trading activity and speculative positions as the coin attempts to stabilize above US$90,000.
BTC was trading at US$93,548 at the time of publication, marking a price surge of 6% over the last day. During the same period, its futures open interest also rose by 16%. At this time, its value reached US$67.19 billion, the highest level since January 24.
