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The Bitcoin Futures Open Interested Surges almost 10% as BTC Eyes $ 110k


Open interest in Bitcoin Perpetual Futures to climb on Wednesday most of the four months as the leading cryptocurrency approaches the $ 110,000 mark.

The open interest in the eternal futures listed on offshore exchanges rose nearly 10% to $ 26.91 billion, the highest increasing single day from March 2, according to Relo’s resource data. The data tracking website includes activity in the USD and USDT-denominated perpetuals listed in Binance, Bybit, OKX, Deribit, and Hyperliquid.

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Open interest refers to the number of active or open contracts, which is often expressed in terms of their aggregate dollar-value.

An opening of open interest next to a price increase is said to confirm the uprising. BTC prices have risen to more than 3.5% to $ 109,600 due to a host of factors, including failed US ADP jobs reports, which has strengthened calls for Fed rates, Trump’s trade deal with Vietnam, and the launch of Rex-Opprey Solana + Staking ETF (SSK).

Moreover, BTC and ETH funding rates increased slightly from an annual 5% to more than 7%, suggesting that updated demand for leveraged bullish plays. Funding rates for Doge and ADA lead a 10% score.

The BTC price rally also led to a total of $ 300 million in the destruction or forced closure of leveraged futures that perform due to margin deficiencies. Most forced closure are short bearish positions, according to data source coinglass.

A total of 107,604 merchants have been lying in the past 24 hours, with the largest single order, worth more than $ 2.32 million, which occurs in hyperliquid.



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