Since the beginning of 2025, Binance Open Interest (OI) had been in a downtrend. In fact, from $11.9 billion in early January, OI dropped to $7.5 billion by the first week of April, marking a 36.9% decline.
However, this trend has recently reversed. In the past 20 days, Binance OI increased by 29.3%, climbing from $7.5 billion to $9.7 billion.
Supported by this surge in futures activity, Bitcoin rose by 23.7%, jumping from $76K to $94K during the same period.
This strong futures backing on Binance could signal a continuation of the recent bullish trend in Bitcoin.
Written by burakkesmeci
