TechFlow reports on October 15 that CryptoQuant analyst EgyHash pointed out the open interest in the Bitcoin derivatives market has reached a record high of $19.8 billion. Meanwhile, funding rates have climbed to their highest level since August, indicating that the majority of open positions are betting on a rise in Bitcoin's price. This upward trend in the derivatives market reflects increasing liquidity within the cryptocurrency sector and heightened investor attention. The rise in funding rates further highlights traders' bullish sentiment.
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