Bitcoin Futures Open Interest Zoom as BTC Inches Towards All-Time High; DOGE, ADA, XRP Add 4%
Buoyant sentiment and calm volatility are fueling leveraged bets as BTC consolidates above $100,000 — setting up what traders say could be a clean move to new highs.
Bitcoin is maintaining a price above $105,000, with analysts predicting a potential rise in the coming days.
Futures open interest has reached an all-time high, indicating increased speculative activity and leveraged positions.
Despite low short-term implied volatility, the market shows signs of accumulation and potential for Bitcoin to reach new highs within 30–45 days.
Bitcoin (BTC) is inches away from its all-time high, hovering over $107,000, with analysts eyeing a move higher in the coming days.
Futures open interest across major exchanges hit $75 billion, an all-time high on Tuesday in U.S. dollar terms, signaling heightened speculative activity and leveraged positioning.
That comes alongside a continued rally in spot markets, with BTC holding above $100,000 for more than 11 straight days — a sign, some traders say, of accumulation and strength at current levels.
Bitcoin was changing hands above $107,500 as of Tuesday morning, up nearly 1.5% over the past 24 hours. Ether (ETH) and Solana’s SOL added 2%, while dogecoin (DOGE), Cardano’s ADA and xrp (XRP) bumped 3%.
Meanwhile, short-term implied volatility (IV) dropped to an 18-month low of 35–40%, reflecting a relatively calm backdrop despite rising positioning, HTX said.
Still, resistance at the $107,000 level has held for now. FxPro analyst Alex Kuptsikevich said in an email that the market is driven by “a crowd of retail investors” and momentum-chasing traders who remain undeterred by macro uncertainty or recent exchange security concerns.
“Further dynamics will depend on changes in global risk appetite,” Kuptsikevich wrote. “If the resistance at $107K is broken, there are more chances to restore the uptrend. That opens a path toward $115K.”
