Bitcoin Futures Open Interest Hits All-Time High at $75 Billion
Bitcoin (BTC) is currently trading above $107,000, close to its all-time high. Key points include:
- Futures open interest across major exchanges reached an all-time high of $75 billion, indicating increased speculative activity.
- BTC has maintained a price above $100,000 for over 11 days, suggesting accumulation and market strength.
- Analyst Ruslan Lienkha views the current price action as a consolidation phase, potentially leading to new highs.
- Bitcoin's price rose nearly 1.5% in the last 24 hours, with other cryptocurrencies like Ether (ETH) and Solana's SOL increasing by 2%.
- The call-to-put open interest ratio is at 1.55, indicating bullish sentiment among traders.
- Short-term implied volatility dropped to an 18-month low of 35–40%, despite rising positioning.
- Resistance at the $107,000 level remains intact; a break could push BTC toward $115,000.
Market dynamics are influenced by retail investor behavior and macroeconomic conditions.