BTC price drops as open interest rises, traders continue to increase long exposure
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CryptoQuant analyst MAC_D46035 pointed out that yesterday, as the price of bitcoin declined, open interest increased. Along with the rise in funding rates, traders continued to increase their long exposure as prices fell.
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Bitcoin
BTC
$86,549.89
+0.64%
Ethereum
ETH
$2,749.1
-0.56%
Tether USDt
USDT
$0.9999
-0.01%
BNB
BNB
$787.22
-1.19%
XRP
XRP
$1.57
+5.05%
USDC
USDC
$1
+0.01%
Solana
SOL
$117.62
-0.07%
TRON
TRX
$0.3411
-1.07%
Zcash
ZEC
$1,554.59
+3.65%
Hyperliquid
HYPE
$95.6
+2.39%
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