Bitcoin's open interest increased by $2.3 billion (27,000 BTC) since September 30, reaching about 653,000 BTC ($56.2 billion), while the price climbed from $83,500 to $86,500. The rise in open interest alongside a higher perpetual funding rate—from 3% to 10%—indicates growing demand for bullish exposure, with traders paying more to hold long positions ahead of the U.S. jobs report. This suggests renewed confidence in Bitcoin's rally, although the higher funding cost could increase risks for leveraged traders. Crypto-linked equities like Strategy and Coinbase also saw gains in premarket trading.
Bitcoin's recent surge in open interest provides context for cryptocurrency market activity on Pluang. For readers following crypto assets, here is Pluang's market snapshot as of Oct 02, 2026 16:02 WIB: out of 50 major cryptocurrencies, 34 rose and 15 fell today. Notable movers include EOS (EOS.IO) up 8.13% at Rp12.649 with a typical hold time of 87 days, AXS (Axie Infinity) up 7.00% at Rp22.074 with 62% sell order activity and a 62-day hold time, and COTI up 6.57% at Rp256 with 83% sell order activity and a 120-day hold time.
Fairblock introduced CUSD, a stablecoin built on PYUSDx, debuting on the Arbitrum blockchain. CUSD allows users to make both public and private transfers, concealing payment amounts and account balances to protect sensitive financial information. Sup...
The IMF approved a $138 million disbursement to El Salvador following the completion of two reviews of its $1.4 billion loan program. The IMF waived a breach of its rule limiting government Bitcoin accumulation after El Salvador proved the coins came...
Tether plans to bring its stablecoin USDT back to the Bitcoin network in October 2026 via the Utexo project, enabling private transfers, direct BTC-USDT swaps, and Bitcoin-backed loans. Utexo uses the RGB protocol and Bitcoin's UTXO model to enhance ...
iHeartMedia, Inc. maintains a BUY rating with expectations of a strong rebound in the second half of 2026, fueled by record political ad spending. The company's Digital Audio Group, led by a top podcast platform, delivers high EBITDA margins of 34% a...
Bitcoin's price recently broke above $85,000, signaling potential strong momentum for Q4, historically its best quarter. This move is supported by a thinning sell wall and easing macroeconomic fears, including lower odds of Fed rate hikes, which coul...
