Open interest in Bitcoin has surged to an all-time high of $19.8 billion, while funding rates are at their most positive levels since August. This signals a growing bullish sentiment among traders who are eager to maintain long positions, even at a premium.
However, this increase in open interest also indicates rising volatility, as leveraged positions can lead to amplified price swings.
Is the Bitcoin bull run back on? With both open interest and funding rates reaching new heights, it appears traders are more confident than ever in BTC's potential.
What do you think will happen next? Join the conversation in the comments below!
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