PANews reported on March 24 that according to CoinDesk, according to data tracked by Coinglass and Velo Data, Binance's BTC-USDT futures open interest has increased by about 7,000 BTC (US$614.6 million) since early Asian trading. Open interest refers to the number of active or open contracts within a specific period of time. In addition, Binance's funding rate has remained positive, indicating that investors prefer leveraged bullish (long) bets. The increase in open interest and the rise in prices confirm the upward trend.
Binance Bitcoin open interest rises by around $600 million
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