🚨 BITCOIN IS SHOWING A VERY INTERESTING PATTERN
BTC has just made a strong upward move and, far from losing structure, it continues to hold above the ascending trendline.
But there’s something even more important:
📈 Open Interest is rising strongly, moving from the 252K zone to surpass 261K.
💰 At the same time, the Open Interest-weighted Funding Rate remains positive, currently around 0.0087%.
This indicates that the futures market is gaining activity and that there is significant position accumulation while BTC stays near $86,000–$86,500.
The key now is here:
🔹 BTC maintains the uptrend
🔹 Open Interest continues to grow
🔹 Positive funding
🔹 Price is consolidating after the strong push
⚠️ That said: a rapid increase in Open Interest alongside positive funding also means there is more and more leverage building up in the market.
That’s why the next moves could be especially violent.
As long as BTC respects the structure and the uptrend, the bulls remain in control.
Now it’s time to watch whether BTC manages to break through and consolidate above the recent highs, or whether it first does a cleanup of leveraged positions.
THE MARKET IS PRICING IN VOLATILITY. 🦈
BTC has just made a strong upward move and, far from losing structure, it continues to hold above the ascending trendline.
But there’s something even more important:
📈 Open Interest is rising strongly, moving from the 252K zone to surpass 261K.
💰 At the same time, the Open Interest-weighted Funding Rate remains positive, currently around 0.0087%.
This indicates that the futures market is gaining activity and that there is significant position accumulation while BTC stays near $86,000–$86,500.
The key now is here:
🔹 BTC maintains the uptrend
🔹 Open Interest continues to grow
🔹 Positive funding
🔹 Price is consolidating after the strong push
⚠️ That said: a rapid increase in Open Interest alongside positive funding also means there is more and more leverage building up in the market.
That’s why the next moves could be especially violent.
As long as BTC respects the structure and the uptrend, the bulls remain in control.
Now it’s time to watch whether BTC manages to break through and consolidate above the recent highs, or whether it first does a cleanup of leveraged positions.
THE MARKET IS PRICING IN VOLATILITY. 🦈
