Spectura
Discrepancies in Bitcoin markets.
Despite increasing more than %5 in the 24 hours, Bitcoin gave half of its earnings back. However Futures side tells us a different story from the Spot demand. When we look at Futures Open Interest, we see a pattern similar to Bitcoin price movement with %5 increasing OI and giving half back in 24 hours. What is interesting this time is that despite all this happening, the Perpetual Futures Funding Rates are on the positive side and constantly increasing with no sign of slowing down.