the open interest of Bitcoin has soared to $46.59 billion, an increase of 13.3% since November 5. Although high open interest usually sounds the alarm, the positive financing rate of 0.0100% indicates that traders are still confidently bullish.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.