Summary
TLDR: Perp funding rates are rising and open interest in bitcoin is increasing. Traders are optimistic about the impact of the halving and ETF inflows on the market.
Key Points
1. Perpetual funding rates are increasing rapidly, indicating growing confidence among traders in the market.
2. Open interest in Bitcoin futures has reached $14.4 billion, suggesting a high level of activity and participation in the market.
3. Traders are optimistic about the impact of the upcoming halving event and potential inflows from ETFs, leading to bullish sentiment in the market.