Despite the recent massive and rapid drop of the BTC price, the future trading activities even get more exciting, which is reflected by the increase in the value of Funding Rate Index on the 6th of April (Glassnode On-chain data). The latest green column indicating the positive value of this Index manifests that the long open orders are more dominant than the short trading positions.
The above statistic indicates that the diminishing in BTC price this time leading to the liquidations on the 6th of April of about $350M is not tragic enough to fear the future traders as there are even more long orders to be opened based on the analyzed data of Funding Rate Index above.
In this way, the centralized exchanges might continue to intervene to make BTC price continue moving with the high volatility level to liquidate more future orders.
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