$BTC Bitcoin’s open interest across all exchanges has spiked | _Wendy on Binance Square

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Bullish

$BTC Bitcoin’s open interest across all exchanges has spiked to a new monthly peak, surpassing $34B, with leverage fueling the frenzy.
What’s driving this surge in $BTC open interest, and could it signal a big price move?

#wendy 

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$BAT BATUSDT Analysis The Basic Attention Token (BATUSDT) hit its 2022 bear market bottom in December 2022, with sideways action following. For this analysis, we’ll peg June 2023 as the market low. Point 1 on the chart shows a stop-loss hunt, triggering a bullish wave. Point 2 mirrors this, leading to a reversal. The bullish signal is confirmed as Point 2 has played out. Price dipped below the long-term support (June 2023 low) but has now reclaimed it. Three consecutive green weeks solidify the bull trend—victory is ours! What could propel $BAT to new highs in this confirmed bullish phase? #wendy

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$BTC Total Market Cap Analysis The total crypto market cap has surged out of a descending channel with robust volume, staging a strong rebound. It’s now testing a horizontal supply zone as resistance, with the 100MA offering support below. A breakout above this supply zone could spark a broad market bullish rally. Conversely, failure to breach it may trigger a pullback. Which coins do you think will lead the charge if the market cap breaks this resistance? #wendy

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$BTC In the last 13 hours, a whale has made bold moves: - Dropped $2.6M in $USDC to snag 2.8M $VIRTUAL at $0.927 - Spent $1.517M in $WBTC and $USDC to grab 1.48M $WLD at $1.02 - Shelled out $40K in $USDC for 303,574 $COOKIE - Allocated $261,644 of the $VIRTUAL purchase to acquire 6.47M $GAME What’s this whale’s strategy behind scooping up $VIRTUAL, $WLD, $COOKIE, and $GAME in one spree? #wendy

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