Bitcoin Derivatives Open Interest Jumps to $56.7B Ahead of U.S. Jobs Report
- —Bitcoin derivatives open interest stands near $56.7 billion
- —Positions grew by 27,000 BTC, or about $2.3 billion, since September 30
- —Funding rates rose as BTC advanced from $83,500 to $86,500
- —Friday's U.S. jobs report is the key near-term catalyst
Why it matters: Rising leverage into the jobs report raises the risk of sharp liquidations if the data surprises markets.
Source: Crypto Economy