Positions in the derivatives market indicate that Bitcoin (BTC) may continue to advance in the upward trend.
According to an analysis shared on the blockchain analysis platform CryptoQuant, Deribit, one of the most preferred option exchanges by investors, funding rates And open positionsin a period of 144 hours Since 40 thousand dollars is increasing.
Analyst, “A historical analysis shows that an increase in open positions and a change in the funding rate generally upward movements It results in . On the other hand, the decrease in these indicators, can lead to declines.” said.
Based on current indicators, Bitcoin can follow an upward trend The analyst stated, “However, it is very important to examine this data with various sources to make it more accurate.” He warned.
