Rising Demand for HBAR Futures Attracts More Investors

The number of outstanding futures contracts for a token can be gauged by its futures open position, regardless of whether they are open or closed. An increase in this position may indicate a growing number of market participants opening new positions. Along with the rising open interest in HBAR, the funding rate on cryptocurrency exchanges has also stayed positive. This positive trend has been ongoing since May 3, when the altcoin experienced a negative funding rate. Funding rates are utilized in perpetual futures contracts to ensure that the contract price remains in proximity to the spot price.