I noticed that open interest in Bitcoin perpetual futures jumped about 10%, reaching $26.9 billion—the biggest daily surge in nearly four months—as BTC edged close to $110K .

That surge tells me more traders are locking in positions, especially as BTC rallied over 3.5% to around $109.6K. It seems this upward momentum is confirmed by the rise in open interest—classic confirmation of a bullish trend .

The catalyst? A combination of factors:

A weak ADP report in the U.S., boosting speculation on Fed rate cuts

Trump’s recent trade agreement with Vietnam

The debut of the REX–Osprey Solana + Staking ETF (SSK)

I’m also seeing funding rates spike—annualized rates for BTC and ETH climbing from ~5% to over 7%, with DOGE and ADA funding even higher—suggesting renewed leverage-driven bullish sentiment .

And there’s no hiding from the forced liquidations: about $300 million wiped out, mostly from short positions, impacting over 107,600 traders in the past 24 hours—one massive single order topping $2.3M on Hyperliquid .

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In my view: This coordinated boost in open interest, price action, funding rates, and liquidation data reinforce a strong bullish narrative for Bitcoin right now.

#BTC110KToday? #TrumpVsMusk #REX-OSPREYSolanaETF #DYMBinanceHODL #OneBigBeautifulBill $BTC $ETH $XRP