- Bitcoin’s surge pushed the total cryptocurrency market capitalization back above $3 trillion for the first time in about eight months.
- Open interest, or OI, in crypto perpetual futures rose to $160 billion, fueling concern over rising leverage and short-term volatility.
- The risk of a leverage-driven correction rises when open interest and funding rates increase faster than spot demand.
Forecast Trend Report by Period
Bitcoin’s sharp rally has lifted the total cryptocurrency market capitalization back above $3 trillion for the first time in about eight months. Leverage in derivatives markets has also risen rapidly, prompting concern that short-term volatility could…
