A new record was broken in perpetual swap transactions in the Bitcoin (BTC) market.
The total volume of open positions in perpetual swap transactions, according to data collected by Arcane Research, Reaching 450 thousand bitcoins broke the all-time record.
Cryptocurrency traders can use perpetual swaps similar to futures contracts in more traditional markets. However, perpetual swaps do not have a deadline.
According to research by Arcane Research, the funding rate of bitcoin perpetual swap transactions has increased throughout September. negative level left. This indicates that bearish investors show more demand for these trades compared to bullish investors.
According to the same research, the recent small-scale rise in bitcoin price may be due to the fact that funding rates have come to neutral territory.