$2.7 Billion Came to Bitcoin in One Hour: Fasten Your Seatbelts! - Coin Newsletter

Following a $2.7 billion increase in open positions in Bitcoin futures within just one hour, the analyst warned to "fasten your seatbelts."

CryptoQuant senior analyst Maartun pointed out a noticeable activity in the Bitcoin market. According to the information provided by the analyst, the open interest in Bitcoin futures (open interest) volume increased from 24.3 billion dollars to 26.7 billion dollars within an hour. This represents an approximate 9.9% increase and such sudden spikes are often regarded as indicators of a volatile period.

This rise in open positions indicates that investors are turning to leveraged trading and that there is an increased search for direction in the market. This situation can pave the way for a sudden price movement leading to a breakout either upwards or downwards. Maartun emphasized that there have been significant fluctuations immediately after similar rises in the past, noting that such expansions in leverage can lead to important price movements in the market.

With the recent increase, it appears that investors are taking more aggressive positions. This also raises expectations of high volatility in Bitcoin price in the short term. Open position volume is considered an important indicator of investor interest and risk appetite. In particular, sudden increases bring along liquidation risk for both long and short positions.

According to CoinGecko data, the Bitcoin price is currently trading at 80,200 dollars, while analyst Maartun makes a clear warning stating, "fasten your seatbelts" in response to this situation.