{"id":96070,"date":"2026-04-10T09:52:19","date_gmt":"2026-04-10T06:52:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=96070"},"modified":"2026-04-10T10:17:25","modified_gmt":"2026-04-10T07:17:25","slug":"cryptoquant-bitcoin-rally-driven-by-new-long-positions-in-perpetual-futures-market","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cryptoquant-bitcoin-rally-driven-by-new-long-positions-in-perpetual-futures-market\/","title":{"rendered":"CryptoQuant: Bitcoin Rally Driven by New Long Positions in Perpetual Futures Market"},"content":{"rendered":"<p>The rise in Bitcoin and Ethereum prices is attributed to the opening of new long positions in the perpetual futures market, according to analysts at <a href=\"https:\/\/cryptoquant.com\/insights\/research\/69d7c80b6b3f97080ce15392-09-April-2026-Risk-On-Bounce-Bitcoin-and-Ethereum-Rally-as-US-Iran-Ceasefire-Eas?utm_source=telegram&#038;utm_medium=sns&#038;utm_campaign=research&#038;utm_content=crypto-weekly-report\">CryptoQuant<\/a>.<\/p>\n<p><!--more--><\/p>\n<p>In the 24 hours following <a href=\"https:\/\/edition.cnn.com\/2026\/04\/08\/middleeast\/us-iran-ceasefire-explainer-war-intl-hnk\">Donald Trump&#8217;s announcement<\/a> of a two-week ceasefire between the US and Iran, Bitcoin&#8217;s price increased by about 4%, while Ethereum rose by 6%. This marked the strongest daily movement in over a month, breaking the recent downward trend.<\/p>\n<p>According to Julio Moreno, head of research at CryptoQuant, the main driver of this growth was participants in the derivatives market. Within 24 hours of the news, open interest (OI) in perpetual contracts for BTC and ETH increased by $2.1 billion and $2.2 billion, respectively. The dollar-denominated OI for both assets reached a near-monthly high.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The synchronous surge reflects positioning amid macro events: traders anticipate a rise in risk appetite. Importantly, the coin-denominated OI also grew significantly. This rules out short liquidations as the main cause and confirms the opening of net new longs,&#8221; Moreno emphasized.<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\">Return of Buyers<\/h2>\n<p>Simultaneously, buying activity increased on futures platforms. The Taker Buy Sell Ratio for both cryptocurrencies exceeded one, indicating buyer dominance and confidence in further growth.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Coordinated bullish positioning in BTC and ETH confirms that the market is pricing in a sustainable improvement in macro conditions, at least in the short term,&#8221; the expert added.<\/p>\n<\/blockquote>\n<p>Meanwhile, demand from US investors has rebounded. The Coinbase premium index for both coins turned positive after several weeks in the negative. Moreno believes that if the ceasefire holds, it will support the trend and strengthen the upward momentum.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-4564ab17585e28a9-1405081460699801.webp\" alt=\"Coinbase_premium\" class=\"wp-image-278257\"\/><figcaption class=\"wp-element-caption\">Coinbase Premium Index. Source: <a href=\"https:\/\/www.coinglass.com\/pro\/i\/coinbase-bitcoin-premium-index\">CoinGlass<\/a>.<\/figcaption><\/figure>\n<p>The price of the leading cryptocurrency has already surpassed the key level of around $69,400 \u2014 the lower realized price for traders, which had served as a resistance zone for several weeks.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?23\" data-telegram-post=\"cryptoquant_official\/3545\" data-width=\"100%\"><\/script><\/p>\n<p>If the asset maintains this level and the geopolitical situation does not deteriorate, the next target will be around $79,000, analysts noted. Historically, this threshold is a resistance zone for the bear market and &#8220;the main obstacle to structural recovery.&#8221;<\/p>\n<p>Several metrics <a href=\"https:\/\/forklog.com\/en\/news\/historical-gauges-point-to-a-bitcoin-bottom\">indicated<\/a> a potential trend reversal for the leading cryptocurrency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rise in Bitcoin and Ethereum prices is attributed to the opening of new long positions in the perpetual futures market.<\/p>\n","protected":false},"author":1,"featured_media":96071,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin and Ethereum prices rise due to new long positions in perpetual futures market.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1168,1205],"class_list":["post-96070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-crypto-derivatives","tag-cryptoquant"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin and Ethereum prices rise due to new long positions in perpetual futures market.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=96070"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96070\/revisions"}],"predecessor-version":[{"id":96072,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96070\/revisions\/96072"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/96071"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=96070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=96070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=96070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}