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Analyst: Bitcoin Volatility Will Increase as Futures Traders Step In

By WebsCryptoJuly 6, 20221 Min Read
Analyst: Bitcoin Volatility Will Increase as Futures Traders Step In
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Analysts warned that volatility could increase as open interest rises and futures traders step in.

According to CryptoQuant analysts, open interest in the latest surge has increased by $615 million in just a few hours. In general, open interest, along with funding rates, is a good indicator for analyzing the probability of which direction the price might end up going.

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This time around, however, funding rates appear to be almost neutral. This means that long and short traders are almost in balance. Both sides (bulls and shorts) have increased leverage and will increase volatility in the short term.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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