Bitcoin’s price increased by 2% to $87,800, with open interest on Binance rising by about 7,000 BTC, suggesting more price volatility ahead.

Recent developments in the Bitcoin market have illustrated a significant increase in open interest on Binance, reflecting a robust bullish sentiment. Notably, Bitcoin’s price has surged by 2% to $87,800. This uptick is corroborated by a rise in future open interest, indicating that recent gains may be sustainable.

The rise in Bitcoin’s price and open interest on Binance signals a possible increase in market volatility. With sustained funding rates favoring bullish bets, investors should prepare for potential fluctuations. Overall, these market indicators suggest a vibrant and changing landscape for Bitcoin trading in the immediate future.

Original Source: www.coindesk.com

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