$BTC Perpetual Contracts See One of Sharpest OI Spikes in 6 Months. According to CryptoQuant data, Bitcoin perpetual futures open interest surged +17.4% over the past 24 hours - marking one of the most aggressive single-day expansions since Q4 2023. While order books still show overhead resistance and trading volumes remain moderate, the return of volatility is undeniable. The critical threshold to watch is a confirmed breakout above $87K, which could:

1) Trigger a new wave of momentum trading

2) Force short-covering from overleveraged bears

3) Potentially ignite the next leg of the rally

Current market structure suggests traders are positioning for directional resolution - we're monitoring whether this OI growth reflects smart money accumulation or speculative froth.