Traders Ramp Up Leveraged Bitcoin Bets, Firm Confirms

Bitcoin Leveraged Longs Return as Perpetual Futures Activity Picks Up

After last week’s sharp sell-off and liquidations, traders are re-entering leveraged long positions on Bitcoin, signaling a resurgence of bullish sentiment.

According to Singapore-based QCP Capital, open interest in BTC perpetual futures—contracts without expiration dates—is rising, alongside funding rates across major centralized and decentralized exchanges. This reflects renewed confidence in upward price movement.

“Optimism is returning to the highly leveraged perpetual market. Despite last week’s liquidations, longs are coming back in force,” QCP noted.

Worldwide BTC perpetual open interest increased from $42.8 billion to $43.6 billion, while annualized funding rates on top platforms like Deribit climbed to 13%. On Hyperliquid, the long bias rebounded to 57% from 36% the previous week, showing traders’ conviction in a potential rally.

BTC briefly dipped below $109,000 last week, triggering more than $700 million in liquidations—the largest single-day total in six months. Prices have since recovered to roughly $114,000.

QCP highlighted that traders’ willingness to pay double-digit funding rates indicates confidence in Bitcoin’s prospects for a historically bullish fourth quarter.