The post Derivatives Market Signals Bitcoin Surge: Liquidity and Activity Soar appeared first on Coinpedia Fintech News
The Bitcoin derivatives market is buzzing with action as long-position traders dominate, willing to pay a funding rate of 0.00708794 to short traders. The market is heating up despite a slight dominance of selling sentiment, indicated by the Taker Buy Sell Ratio of 0.4968 (buy) to 0.5032 (sell).
Open Interest (OI) has jumped by 7.61% over the past week, hitting $16.3 billion, indicating increased liquidity and volatility. In a dramatic 24-hour shift, $196 million worth of short positions were liquidated, signaling strong bullish momentum. All eyes are on Bitcoin as the derivatives market fuels its rise.
