Here is what the prices mean

The interest of future contracts in Bitcoin, the largest encrypted currency according to the maximum market, has frequently frequently, with ETHEREUM and SolaNa sizes remaining.

While Bitcoin, Ethereum and Solana have witnessed similar similar price procedures, the benefit of assets has diverged. For perspective, BTC still has not changed significantly, while Ether and Sol have corrected 2 % and 1 % in the past seven days.

During, Data From Glassnode shows that the volume of future contracts for Bitcoin has been seen from Ethereum and Solana’s, indicating the interest of the mixed market. Traders opened more situations linked to bitcoin pairs compared to the aforementioned assets, which raised optimism about a potential price swing.

Recovery of the future bitcoin

In Tuesday’s analysis, Bitcoin Futures recovered from its lowest level, driven by renewed attention in the first place. At the beginning of the year, the value of future trading activities in the Bitcoin market amounted to $ 60 billion.

Meanwhile, the increasing market participation witnessed that its size reached the current annual peak of $ 63 billion in February. However, the recent uncertainty in the market has reduced the appetite of traders to predict the short -term price procedures for Bitcoin, causing a sharp drop to $ 40 billion.

Now, Glassnode shared a changing novel, as merchants return to the trading of origin. It is worth noting that the size has increased by 32 % from February 23, and is now sitting by $ 57 billion. However, it remains much lower than the December summit of $ 74 billion.

As expected, coinglass Data He explains that more than $ 18 billion of these folders came from Binance. Bitget, OKX and BYBIT also have large shares, at $ 10.23 billion, $ 8.37 billion, and $ 7.18 billion, respectively.

Ethereum and Solana remain flat

Meanwhile, the size of the ETHEREUM and Solaman futures for the growing Bitcoin merchant. For perspective, the size of the ETHEREUM year derivative was opened by $ 32 billion and a large reduction before it reached 31 billion dollars.

The size of the asset futures is 28 billion dollars, and remains almost unchanged. Moreover, approximately $ 10 billion of its peak of $ 37 billion last year with the continued stumbling of the ETHEREUM price.

Traders also feel the same towards Solana, which was recently distinguished by severe pessimism among many Mim currency repercussions. The volume of futures contracts reaches 8.7 billion dollars, a decrease of 29 % from the highest level of the year to the date of 12.2 billion dollars.

What does the prices mean?

It is worth noting that interest in taking advantage of the assets is a double -edged sword, which may drive prices up or less dependent on the prevailing feelings of merchants. Increased size equals more market liquidity, which can greatly affect bitcoin prices.

At the same time, Coinglass He appears The long/short percentage on bitcoin derivatives is neutral to a little landing, which stands at 0.988. More details for each exchange that reflects more bullish data, with Binance and OKX at 2.16 and 2.43, respectively.

With the increase in the size of the bills and bills, Bitcoin can interact positively. Meanwhile, leading assets are trading at $ 81,713, a decrease of about 2 % over the past 24 hours.