Open interest in BTC perpetuals is growing in a neutral funding environment

Leverage is once again picking up in the perpetual swaps, evident by the growing open interest in the bitcoin perpetuals.
Source: Glassnode, Skew

The open interest in the bitcoin perpetuals has grown from 186,000 BTC on Dec 5th to 226,000 BTC on Dec 20th, as leverage once again is picking up in the market.

Binance’s USDT margined perpetual have seen the sharpest OI growth in the last weeks, with the instrument seeing its OI growing from 40,000 BTC to 62,000 BTC since Dec 5th.

Link copied to clipboard.