@Everyone
# **Bitcoin Open Interest Breaks Through US$74 Billion in the Middle of Price Rally**
*Open interest* Bitcoin (BTC) in the futures market jumped to US$74 billion, one of the highest levels in recent weeks, according to Coinglass data. This surge shows that more and more traders are taking positions to anticipate the upward price movement.
This increase in *open interest* is driven by bullish sentiment that emerged after global macroeconomic data improved, especially the expectation of interest rate decline and inflation began to subside. In addition, the increasing interest of institutions strengthens the trend.
The high *open interest* does not always mean that the price will rise, but it shows more capital entering the Bitcoin futures market. This increases liquidity and enlarges the chance of price volatility, especially if there is a price spike and triggers massive liquidation.
Overall, the surge in *open interest* to US$74 billion reflects optimism and increasing institutional participation in the Bitcoin market. However, traders still need to be aware of the potential for high volatility that can arise due to *leverage* positions that accumulate in the futures market.
For information, when this news was written, the price of Bitcoin was at the level of US$106,745, rising 0.52% in the last 24 hours.