Bitcoin SV Bounces Back: Can Traders Break Through $15.39 Resistance?
Bitcoin SV (BSV) has been making gains in recent weeks, and its steady recovery appears to be gaining momentum. The token has been rising steadily over the past two weeks, with retail interest improving amid renewed attention on security vulnerabilities across the broader Bitcoin ecosystem.
The growing discussion around PiWalletSV, an air-gapped wallet designed for BSV users, is also contributing to interest in the token. This wallet aims to keep private keys isolated from internet-connected devices, potentially reducing exposure to online attacks.
According to CoinGlass data, Bitcoin SV futures Open Interest has risen to $39.07 million, up from $31.87 million on August 1. This increase of over 22.5% suggests that traders are building new positions in BSV derivatives rather than withdrawing from the market.
The BSV funding rate remains positive at 0.0051%, indicating continued demand for bullish positions. However, growing leverage can also increase volatility and liquidation risks if the price reverses unexpectedly.