A rise in open interest alongside a price increase is often seen as confirmation of an ongoing uptrend.
Bitcoin (BTC) has climbed 2% since midnight UTC, reaching $87,800. This upward movement has been accompanied by an increase in futures open interest on Binance, reinforcing the positive market sentiment and suggesting the potential for sustained gains.
Data from Coinglass and Velo Data show that open interest in BTC-USDT futures on Binance has grown by approximately 7,000 BTC—equivalent to $614.6 million—since the early Asian trading session. Open interest represents the total number of active futures contracts at any given time.
Additionally, funding rates on Binance have remained positive, indicating a preference for leveraged long positions among traders.
“This is a strong signal that volatility is ahead,” Coinglass noted, highlighting the significant rise in open interest.
