Long Positions Surge in BTC Futures Market
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Bitcoin futures show rising long-side buy pressure as open interest surges.
Bitcoin futures open interest has climbed +7% in 30 days, suggesting a bullish shift in sentiment.
A Bitcoin market momentum indicator shows that long-side buy pressure is rising.
Bitcoin futures showed renewed strength as their aggregated open interest (OI) surged by +7% over the past 30 days, marking the first sustained uptick since the May through June 12% drawdown. This revival signals a potential shift in sentiment, with traders increasingly positioning for the upside as their appetite for volume and leverage rises.
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