Bitcoin Open Interest, Funding Rates Point To Growing Bullish Sentiment

Bitcoin Open Interest, Funding Rates Point To Growing Bullish Sentiment


Bitcoin has seen fluctuating sentiment lately. With numerous dips and recoveries, it is no surprise that investors have had a hard time deciding on which side of the fence to sit on. However, while retail investors seem to be uncertain about the market, there has been some growth in both the funding rates and the open interest over the last week, showing that positive sentiment may be stabilizing.

Funding Rates Recover

Over the last couple of weeks, bitcoin funding rates have been consistently below neutral. This coincided with the times when the market was struggling, ushering in a new bear trend. But with the last week’s events, there has been a remarkable recovery in the funding rates.

Toward the end of last week, the funding

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