Bitcoin In the futures market, a total of 57 thousand BTC positions were opened in just three days. The increase in this size is worth 5.34 billion dollars with the current exchange rate and represents the largest liquidity increase in the last year.
The volume explosion in three days fills the eye
Cryptoquant Analyst Axel Adler JRAccording to the data shared, there was a remarkable position increase in Bitcoin futures between 21-23 April. The new position opened 57 thousand BTC. This is a very critical threshold for the market.
Open positions in the BTC futures market have been moving on a fixed tape for the last few weeks, especially in the graph. However, this short -time leap indicates that the risk appetite of investors has risen again. This increase is 375 thousand units BTC It increased above the level, not only in terms of position size, but also in terms of volume momentum.
Market analysts interpret such a rapid increase in open position either as high leveraged positions are intensified or corporate interest is re -activated. Both scenarios indicate that volatility will increase in the Bitcoin market.
The rise in Bitcoin price and investor response
Shown with a black line in the graph BTC/USD price In parallel with this increase in volume, it exhibited a upward trend. The price started at the level of 84 thousand dollars in a short time exceeding $ 90 thousand. This rise is interpreted directly in connection with the increase of speculative positions.
Duygu, which is dominant among investors, is that the expectation of rise in the short term gains strength again. However, analysts warn that after such sudden rise, there may be harsh retreats with the liquidation of positions. Especially in periods of high use of leverage, the market may take a fragile structure.
In addition, the current increase in the term transaction volume is likely to spread to option markets. Since corporate investors generally tend to use the two markets integrated, the overall increase in derivative products may be reflected directly at the price.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
