The open interest in the future perpetual of Bitcoin increased Wednesday by four months, since the leading cryptocurrency approached the $ 110,000 mark.
The open interest in future perpetuals listed in offshore exchanges increased by almost 10% to $ 26.91 billion, the highest increase of a single day since March 2, according to the veil data source. The data monitoring website included activity in perpetuals called in USD and USDT that appear in Binance, Bybit, OKX, Delibit and Hyperliquid.
Open interest refers to the number of active or open contracts, often expressed in terms of its cumulative value called in dollars.
It is said that an increase in open interest along with a price increase confirms the upward trend. The price of BTC increased more than 3.5% to $ 109,600 due to a series of factors, including the disappointing US job report. UU. (SSK).
In addition, the perpetual financing rates of BTC and ETH increased slightly 5% annualized to more than 7%, which suggests a renewed demand for leverage players. The financing rates for DOG and adapted exceeded the brand of 10%.
The BTC price rally also led to a total of $ 300 million in liquidations or forced closure of leverage futures play due to margin scarcity. Most of the forced closures were short short positions, according to the data source.
A total of 107,604 merchants have been liquidated in the last 24 hours, with the largest single order, with a value of more than $ 2.32 million, which occurs in hyperlycide.
