8 hours ago
CoinRank
CONTENT
QCP Capital:BTC rose about 2.6% in early trading, but thin holiday liquidity distorted price signals. The move was driven mainly by spot and perpetual buying, rather than liquidation pressure.
Deribit shows BTC perpetual funding rates rising above 30%, putting traders in a short gamma position. If price holds above $94,000, hedging demand could be amplified.
On the downside, December $85,000 put options were not rolled, and open interest fell by about 50% after expiry, indicating a wait-and-see stance as directional conviction likely awaits the return of liquidity.
WRITER’S INTRO
