Bitcoin (BTC) whale activity has dropped while the asset’s price surged to $35,000, with short positions still dominating. According to data from the market intelligence platform Santiment, whale transactions of at least $100,000...
Bitcoin (BTC) whale activity has dropped while the asset’s price surged to $35,000, with short positions still dominating.
Moreover, according to Santiment, Bitcoin’s total open interest on all exchanges slightly declined from around $7.3 billion to $7.2 billion over the past day.
While the Binance funding rate for BTC stands at 0.01%, suggesting the domination of short position holders until further price movements, the exact amounts of short and long positions are still not clear, per data provided by Santiment.
Bitcoin is up by 0.95% in the past 24 hours and is trading at around $35,300 at the time of writing. It’s important to note that the BTC price witnessed a daily local low and high of $34,545 and $35,505, respectively.
Furthermore, Bitcoin’s market cap is over $689 billion, with a 51.8% market dominance. The asset’s 24-hour trading volume rose by 42%, reaching $18.7 billion.