Bitcoin futures open interest (OI) has surged to a record $80 billion, signaling strong trader confidence that BTC will continue its upward momentum and set new all-time highs.
Data from CoinGlass reveals a 30% jump in OI since early May, as investors increasingly use leverage to position for higher prices. Open interest—representing the total unsettled futures contracts—reflects the scale of speculative activity in the market.
While rising OI often indicates aggressive leveraged bets, which can lead to liquidations and volatility if prices reverse, analysts note that robust spot Bitcoin ETF inflows ($2.5B+ this week) may provide a stabilizing counterbalance.
The clash between derivatives speculation and institutional ETF demand could define Bitcoin’s next major price move.
