Bitcoin Price Rises 2% to $87,800 Amid Increased Futures Open Interest
The price of Bitcoin has increased by 2% to $87,800 since midnight UTC. Key points include:
- Open interest in BTC-USDT futures on Binance rose by approximately 7,000 BTC ($614.6 million) during early Asian trading hours.
- Positive funding rates on Binance indicate a preference for leveraged bullish positions.
- Coinglass noted that the rise in open interest suggests upcoming volatility.
