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Bitcoin Derivatives Positions Piling Up Again: Prepare For Chaos?

  • Bitcoin Open Interest on Binance has risen to $28.3 billion, indicating increased speculative interest.
  • Rise in Open Interest can lead to more volatility in Bitcoin price.
  • Recent spikes in Binance Open Interest have generally been bearish for Bitcoin.
  • Bitcoin Funding Rate has been positive, suggesting long-dominant market and potential for a long squeeze.

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