1. Spot Trading Volume Surge (from $2.9B to $8B)

A nearly 3x jump in such a short period often signals strong retail or institutional activity, potentially due to breaking news, macroeconomic data, or technical breakout signals.

2. Futures Open Interest Increase ($36.2B → $38.6B)

A $2.4B rise in open interest, especially to the highest levels since late March, implies traders are entering new positions rather than just closing existing ones. This often points to growing speculative interest or an expected major move.

What to Watch:

If price is rising alongside high spot volume and rising OI, it usually indicates bullish sentiment with new money flowing in.

If OI rises but price stalls or reverses, it could mean increased hedging or short positioning — watch for potential volatility.