Bitcoin perpetual funding rates climb to 10% as open interest jumps $2.3 billion
- —Open interest rose 27,000 BTC ($2.3 billion), or 4.3%, since Sept. 30
- —Perpetual funding rate climbed from around 3% to 10% over the same period
- —Bitcoin rose from $83,500 to $86,500 as traders added positions
- —Strategy and Strive gained about 3% premarket; Coinbase and Robinhood rose roughly 2%
Why it matters: Rising funding confirms bullish positioning but raises the cost of holding longs and leaves leveraged traders more exposed to a sharp reversal.
Source: CoinDesk