TechFlow News: On May 1, according to CoinDesk, Bitcoin (BTC) edged up slightly on Friday, rising 1.25% to approximately $77,250 since 00:00 UTC, yet remains range-bound between $75,000 and $80,000 since April 19. Futures funding rates are predominantly negative, indicating traders still prefer shorting on rallies. Bitcoin futures open interest stands at roughly $19 billion—nearly unchanged week-on-week—with a 3-month annualized basis of 1.5%. Meanwhile, the options market leans bullish: call options accounted for 58% of options volume over the past 24 hours, and demand for downside protection has eased.
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