Bitcoin futures saw the largest liquidity increase in the past year with $5.34b in positions

Cryptoque analyst Axel Adler Jr noted that the Bitcoin term market experienced a total of 57,000 BTC stations in the last three days, at the same time when BTC has exceeded the $ 93,000 threshold.

In a recent job,, Cryptocurrency Analyst Axel Adler Jr. said the traders had opened BTC (BTC) Positions amounting to 57,000 BTC in the last three days. At current market prices, the accumulated amount of BTC positions is $ 5.34 billion.

“This is the highest increase in liquidity in the past year,” said Adler.

According to data In Correglass, in the last 24 hours, long positions on Bitcoin increased by 33.71%, reaching a volume of $ 74.4 billion. Meanwhile, short BTC positions decreased by 27.5% with a volume of 24 hours of $ 68.2 billion.

On April 23, the long positions of the BTC represent more than 44% of all the open positions, while the remaining 55% are made up of short positions.

This recent increase in market liquidity comes shortly after BTC crossed the $ 93,000 threshold. At the time of the press, BTC increased by almost 6% and is currently negotiated at $ 93,615. During the last day, BTC even climbed up to $ 93,777.

As before reported By crypto.News, up to 602 million dollars have been liquidated from the cryptocurrency market in the last 24 hours, indicating an increase of 130%. Depending on the trial, the open interest of the BTC also experienced a slight increase of 14% to 121.6 billion dollars.

What could the sharp increase in liquidity for Bitcoin mean?

The massive influx of long -term positions on the BTC could suggest an increased lever effect and bullish convictions among traders, which can further increase the current rally and minimize price corrections. He indicates that more traders are optimistic about Bitcoin and its potential to maintain its solid performance.

Not only that, total future open interest on all platforms recently reached a record, led by CME And Binance. This reflects an increasing capacity within the derivative market to absorb major trades without extreme sliding.

On the other hand, a rapid increase in open interests has also increased the high market chances of the market in the near future. If a price drop should occur, it could trigger mass liquidations of merchants who maintain current positions, further exhausting the market.