Bitcoin approaches $70,000 mark amid high open interest and stable funding rates. According to Bitfinex Alpha, Bitcoin's price has been on an upward trajectory over the past week, reaching a peak of $69,586. Open interest in futures contracts has surged to a record high of $40 billion, indicating strong market participation. Despite concerns about the disparity between rising open interest and lower highs, the funding rates remain neutral, suggesting a balanced market environment.

Source: https://Blockchain.News/news/bitcoin-btc-approaches-70000-high-oi-neutral-funding