Bitcoin’s derivatives market has been a healthy indicator of the state of the market in the past. It might offer insights into BTC’s current position.managed to maintain an upward trajectory, confirming that there is still some level of demand for BTC in the derivatives market.Bitcoin’s funding rates have dropped despite the higher open interest. This is a reflection of the market’s indecisiveness, especially with the declining volatility.
Meanwhile, market indicators reveal that the level of demand for leverage is gradually growing. This is likely because lower volatility has forced investors to look for other means of boosting their potential gains.Liquidations were still relatively low at press time, but there was a notable increase in long liquidations in the last 24 hours. Short liquidations decreased during the same time as the bears gained more dominance.
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