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Bitcoin Perpetual Contracts Open Interest Rises to Approximately 218,000 BTC, Short-Term Bearish Signal in Market Rebound

Bitcoin Perpetual Contracts Open Interest Rises to Approximately 218,000 BTC, Short-Term Bearish Signal in Market Rebound

金色财经金色财经2025/04/27 07:57
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Despite a more than 12% increase in Bitcoin prices over the past week, the derivatives market data indicates a short-term bearish sentiment. According to Glassnode, the open interest of Bitcoin perpetual contracts has risen to approximately 218,000 BTC, a 15.6% increase since early March, indicating increased leverage usage, which may lead to intensified market volatility. Additionally, the average Bitcoin futures funding rate has dropped to about -0.023%, showing that short positions dominate, with contract prices below spot prices, further reflecting a weakened demand for long positions in the market.

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