Bitcoin Spot Volume Increases from $2.9B to $8B During Price Rally

Recent on-chain data indicates that the Bitcoin spot market is experiencing increased activity amid a price rally.

Key Developments

Bitcoin Open Interest rose from $36.2B to $38.6B in under 36 hours, reflecting a $2.4B increase.
Spot Trading Volume surged from $2.9 billion to $8 billion, nearly tripling in the same timeframe.
The simultaneous rise in both Open Interest and spot Trading Volume suggests increased capital influx into the market.
High speculative interest may lead to instability; however, strong spot volume could support sustainability of the rally.
As of now, Bitcoin's price has reached approximately $91,000.

Future market trends will depend on whether this momentum can be maintained.