BTC perpetual open position of 7.14 million pending orders, may guide price direction, please pay close attention

The OKX BTC/USD perpetual funding rate is currently 0.03%, and long positions need to pay funding fees to short positions, indicating a high sentiment in the market. AICoin [PC - Home - Popular Rankings] has launched the "Fund Rate" ranking, which provides a list of rate arbitrage opportunities. Capital fees are an important mechanism for anchoring spot prices in perpetual contracts, used to balance long and short sentiment. When the funding rate is greater than 0, long positions pay funding fees to short positions; When the funding rate is less than 0, short sellers pay funding fees to long sellers.

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The popularity ranking shows that SOL's popularity has increased, with 2.38 million followers. The popularity ranking is as follows: ① PNUT （$1.61，-10.06%） ② ACT （$0.6418，-10.69%） ③ DOGE （$0.3688，-1.36%） ④ X （$0.0002443，-7.11%） ⑤ PEPE （$0.00002171，-0.05%） The purchasing power of SOL's main funds is weak, with a net inflow of $163 million in 24 hours and a transaction volume of $18.948 billion in 24 hours, of which the main funds have a net outflow of $81.202 million.

CryptoQuant founder and CEO Ki Young Ju stated in an article on X platform that his previous prediction of a short-term correction in the cryptocurrency market was incorrect, but at the time, he was not implying a bear market, but only believed that the market would experience a correction. Ki Young Ju stated that we are currently in a bull market and Bitcoin is expected to rise. Based on the accumulated capital flowing into the Bitcoin market, the current price ceiling seems to be at $135000.

According to PRNewswire, a survey by Sygnum Future Finance shows that 57% of Singaporean institutional investors plan to increase their long-term cryptocurrency investments, compared to an average of 47%. It is reported that the survey targets Sygnum's institutional customer base and investors, as well as various investment professionals from banks, hedge funds, multi family and single family offices, DLT foundations, funds, and asset management companies. The main reason for increasing cryptocurrency investments is optimism about the industry's development trends.