#Interesting

$BTC Open Interest Surges Past December 2024 Levels – What’s Next?

Bitcoin’s open interest has soared above $70B, nearing the $77B peak from May 2025, per Coinglass data. With BTC holding strong above $100K and hitting a new all-time high of $117K, market confidence is riding high. But history warns of caution.

Last December, open interest hit $70B as BTC first crossed $100K, only to crash 40% to $40B by May 2025 after shorters took control. Could this repeat? Analysts like FriendlyRox predict a potential 50% drop to $60K, while Capo of Crypto warns of a “Black Swan” event, citing institutional inflows and altcoin vulnerability.