Merchants are once again making bold bets in perpetual futures, without flinching due to the recent volatility that triggered a significant relaxed relaxed relaxed.
QCP Capital, based in Singapore, reported on Monday that the open interest in the perpetual (future without expiration) is increasing, together with the financing rates in the main centralized and decentralized exchanges, which indicates a strong bias towards long positions.
“Optimism is resurfaceing in the highly leveraged perpetual space. Instead of retiring after the liquidations last week, the leverage are in force,” said the firm’s market team of the firm’s market in an update on Monday.
The team stressed that the cumulative open interest in BTC Perpetuals worldwide has increased from $ 42.8 billion to $ 43.6 billion. While it is modest, this increase reflects renewed capital entries.
Meanwhile, annualized financing rates on leading platforms such as Decibit have risen to 13%. Positive rates indicate that long position holders are willing to pay a tariff to shorts to maintain their open positions.
“Hyperliquid’s long bias is also returning to 57%, compared to only 36% last week,” the team added.
The will of investors to pay two -digit financing rates demonstrates a growing conviction that prices will continue to increase during the fourth historically bullish quarter.
The data also suggest that last week’s volatility did not significantly shook investors. The BTC price decreased by the first four days of the previous week, with the most acute fall below $ 109,000 on Thursday.
The mass sale led to more than $ 700 million in liquidations of leverage long positions, the largest day of a single day in at least six months, according to Coinglass.
The price of Bitcoin has been recovered since then to operate about $ 114,000.
