Binance News: Bitcoin Price Jumps, Future Open Interest Soars on Binance Suggesting Potential Price Volatility

Binance, one of the largest cryptocurrency exchanges globally, has witnessed a significant increase in Bitcoin (BTC) future open interest, hinting at potential price volatility. Here’s a closer look at the latest developments.

Bitcoin Open Future Bets on Binance Increase by $600M, Suggest More Price Volatility

The Bitcoin (BTC) price has jumped 2% to $87,800 since midnight UTC. The increase has been accompanied by an uptick in future open interest on Binance, validating the buoyant market mood to signal sustainable gains. The open interest in the BTC-USDT futures listed on the exchange has increased by roughly 7,000 BTC ($614.6 million) since the early Asian trading hours. Funding rates on Binance have held positive, suggesting a bias for Leveraged bullish (long) bets. "This is a good sign, volatility is coming," according to Coinglass.

Summary of Crypto News Involving Ethereum, Binance, Solana, and Ripple

Amid revolutionary announcements, technological evolutions, and regulatory turbulences, the crypto ecosystem continues to evolve. This summary covers the most significant news from the past week concerning Ethereum, Binance, Solana, and Ripple. Specific details and impacts vary for each coin and exchange mentioned.