A hedged options market while perp OI surges to new ATH

After a quiet week in the market, we see no noteworthy changes in the sentiment in perps as funding rates still trail at or below neutral, but under the hood BTC denominated open interest has surged to new highs.

After erratic patterns in futures premiums emerged following the May 12th crash, the futures market has calmed down, seeing slightly declining premiums in the offshore market.

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