🔥 Bitcoin Open Interest Explodes — $112K Breakout Incoming?
Bitcoin futures open interest hit historic highs this week. Traders bought futures expecting price increases. Open interest reached $80 billion on May 23, up 30% from the month's start. More money is riding on Bitcoin's future movements than ever.
Increasing Futures Interest
According to CoinGlass, almost $80 billion in Bitcoin futures contracts remain open. The highest ever total. Traders increased positions 30% since May 1. Many gamble on increased prices with borrowed money. If the market turns, big changes might drive sales.
ETF Inflows Help
Reports show that Bitcoin ETFs received nearly $2.5 billion this week. These are genuine coins entering vaults. Institutions purchase Bitcoin, not just paper. When risky bets wobble, their flows stabilize the market. They create new demand in rallies.
Bitcoin options open interest is also impressive. Deribit dealers have staked over $1.5 billion at $110,000 and $120,000 strike prices. Over $1 billion is in $115,000, $125,000, and $130,000 strikes. That suggests the price might rise over six figures. But it also implies a limited range of outcomes is worth a lot.
Today, May 23, about $2.76 billion in Bitcoin contracts expire. Deribit provides a put/call ratio of 1.2, indicating slightly more bets on a price decline than an increase. The peak pain level is approaching $103,000, when most solutions are useless. Price drifting approaching that level might cause traders to scurry and squeeze.
Bitcoin hit $111,999 early in the day and traded around $111,150 late in the day. The new high came after a steadier ascent than previous breakthroughs. Many point to US-China trade tensions lessening. Others say Moody's downgrading of US sovereign debt sparked demand in alternative assets. That blend of factors has raised prices without pyrotechnics.
ETF demand will be watched to see whether it can offset congested futures and options markets.
#TrumpTariffs #MarketPullback #BTCBreaksATH110K #DinnerWithTrump $BTC
$ILV BREAKDOWN PAUSES – IS A RELIEF BOUNCE COMING?
$ILV/USDT is sitting at $14.27, down -8.82% after a steep intraday selloff. The price dipped as low as $13.99 but has since bounced modestly. Current volume is 206.87K, signaling cautious interest from dip buyers.
Key Zones to Monitor:
• Immediate Support: $14.20 – $14.10
• Next Resistance Levels: $14.50, $14.70, $14.90
Trade Setup:
• Entry Zone: $14.20 – $14.30
• TP1: $14.50
• TP2: $14.70
• Final TP: $14.90
• Stop-Loss: Below $13.95
$ILV is trying to recover from a deep pullback. If it can hold above $14.20, a short-term bounce toward the $14.70+ zone is possible. But beware—any rejection from $14.50 may drag it lower again.
#BTCBreaksATH110K
#ETHMarketWatch
#TrumpTariffs
{spot}(ILVUSDT)
$SHELL SLIDES NEAR SUPPORT – CAN IT HOLD THIS LEVEL?
$SHELL/USDT is trading at $0.2235, down -8.96% on the day. After tumbling from its 24H high of $0.2540, the price has found temporary footing around the $0.2230 zone. Volume remains modest at 56.81K, suggesting indecision among traders.
Key Levels to Watch:
• Immediate Support: $0.2225 – $0.2230
• Resistance Zones: $0.2270, $0.2300, $0.2340
Trade Setup:
• Entry Zone: $0.2230 – $0.2245
• TP1: $0.2270
• TP2: $0.2300
• Final Target: $0.2340
• Stop-Loss: Below $0.2210
If buyers defend the $0.2230 area, a minor bounce is likely. However, any failure to hold this level may trigger further downside pressure.
#BTCBreaksATH110K
#ETHMarketWatch
#TrumpTariffs
{spot}(SHELLUSDT)