#BTCRebound Bitcoin open interest rises by $3.1B in 24 hours, signaling increased leverage as the crypto asset surges to intra-month highs. Bitcoin (BTC) has observed a notable price surge in recent hours, climbing to over $87,600 after hovering around $84,500 for the past day. This marks the highest price since April 2 and signals a return of upward momentum in the market. At the time of reporting, Bitcoin stands at $87,681, reflecting a 3.63% increase in the last 24 hours and a 3.65% gain over the past seven days. The surge coincides with a significant uptick in open interest and derivatives market activity. Sharp Increase in Bitcoin Open Interest According to data from CryptoQuant, Bitcoin’s recent price rally has been significantly supported by a rise in open interest, which surged by $3.1 billion over the last 24 hours. This sharp increase indicates that traders are leveraging their positions in anticipation of continued price growth.