BTC Rises 1.09% in One Hour, Open Interest Warms Up in Tandem
Beijing time 10-29 22:00 to 23:00, the BTC-USDT-SWAP 1-hour candle opened at 80272.8, closed at 81146.2, with a high of 81525 and a low of 80234.2, up 1.09% and up 0.71% from the close 24 hours earlier. Over the same period, total market perpetual open interest stood at 3.549 billion USD, up 0.32% in 1 hour and up 3.23% in 24 hours, with the current funding rate at 0.0100% and the next settlement at 10-30 00:00. The price rise accompanied by higher open interest and funding rate suggests leveraged funds are following through; when volatility expands, the risk of wicks and liquidations rises in tandem, and holding costs must be factored into the account. Look at the cycle and position before discussing direction; chasing highs only allows for light positions with wide stops, and don't let emotion make your position too heavy.