The post Bitcoin Market Update: Bullish Sentiments Rise appeared first on Coinpedia Fintech News
Bitcoin’s Open interest has rebounded to $17.47 billion, a 1.3% jump in 24 hours. The funding rate has improved, reflecting bullish sentiments. Further, Bitcoin’s network transfer volume increased by 1.57% in the last 24 hours, with a value of 481,332 BTC. Addresses also surged by 4.22%, reaching 1.37 million. Transactions, however, dipped slightly over the last 24 hours. Overall sentiment remains bullish, with the Binary CCD indicator at 0.2857, showing long-term holders are inclined to hold their coins.
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