#White House Crypto Summit  Bitcoin Futures Market Volatility Ahead of the White House Crypto Summit

In the Bitcoin derivatives market, open positions and leverage are observed to increase as investors take positions ahead of the White House Crypto Summit. While important announcements are expected at the summit to be held on Friday, analysts point out that the potential for volatility in the market has increased.
Revival in Bitcoin Futures and Options Markets
A cryptocurrency derivatives trader stated that buying pressure has increased permanently in the market since Bitcoin last tested $82,000. According to Grant, investors have started to create leveraged positions again, which has caused open interest to increase and funding rates to inflate.
“Since Bitcoin tested $82,000, there has been a stronger and more persistent buying pressure in the market. This has led to an increase in open positions and funding rates, along with the reopening of leveraged positions,” Grant said, emphasizing that bullish expectations have also strengthened in the options market.
In the options market, the implied volatility of overnight futures contracts has reached 90%, the volatility of one-week futures contracts has reached 70%, and the volatility of contracts expiring at the end of March has reached 60%. Grant stated that this increase shows that the market’s expectation of volatility has increased.
“Although liquidity has been fluctuating recently, we are now seeing this liquidity return to the market and positively reflecting on prices. While open positions and funding rates are increasing, volatility is also increasing.”
Rising Expectations in Futures Markets
Julio Moreno stated that there has been a significant change in funding rates in the Bitcoin futures market.
“Before Trump’s statement on the Strategic Crypto Reserve (SCR), the Bitcoin perpetual futures funding rate was at -0.01. However, after the statement, this rate increased to +0.009. This shows that investors are willing to open long positions and the expectation of a price increase has strengthened.”
In addition, the 24-hour open interest change in Bitcoin futures has also turned positive.
“In the last two days, the open interest change in Bitcoin futures has increased from -22,800 BTC to +10,800 BTC. This shows that investors are taking positions in the market ahead of the official announcements from the White House Bitcoin Summit.”
Market Expectations High Before the Summit
The increasing liquidity in the market, the movement in the options and futures markets show that investors have great expectations for the announcements to come from the White House Crypto Summit. It is predicted that the fluctuations in the Bitcoin price in particular may increase even more on the summit day.