Source: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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Bitcoin Price Rises 2% to $87,800 Amid Increased Futures Open Interest

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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.

Original publication

Authors credited by the source: Omkar Godbole

Published by Holder based on an external source.