According to Coinglass data, the open interest of Bitcoin futures has continued to grow recently, finally breaking through the $80 billion mark, setting a new historical high. Among them:
CME ranks first with $18.24 billion.
Binance follows closely with $13.5 billion.
The surge in open interest usually indicates an increase in market capital inflow and higher investor participation. Historical data shows that when open interest reaches a new high, Bitcoin's price often continues to rise in the short term, but may subsequently face consolidation or correction.
⚠ Risk Warning: If the market suddenly encounters negative news, high-leverage positions may trigger a chain liquidation, leading to severe fluctuations; investors need to manage risks cautiously.
Long-term holders are firmly bullish while short-term traders dominate the market.
On-chain data company Glassnode noted that although Bitcoin's price has reached a new high, the scale of profit-taking on-chain is only about $1 billion, far lower than the $2.1 billion when it first broke $100,000 last December. This indicates that long-term holders (LTH) still prefer to hold their coins for appreciation rather than rushing to cash out.
In addition, market circulation data shows:
76.9% of Bitcoin is driven by short-term traders holding for less than 1 month.
The activity of old coins held for more than six months has dropped to 13.4%.
This structure indicates that the current market is mainly driven by short-term speculative funds, but the reluctance of long-term holders to sell still supports the bullish expectations in the market.
Summary: The market is hot, but beware of short-term fluctuations.
The surge in open interest of Bitcoin futures and on-chain data both indicate that the market is still in a strong phase, and long-term investors are confident. However, the increase in open interest in a high-leverage environment also means that market volatility may intensify, and investors need to closely monitor market changes and control their positions reasonably.
Do you think Bitcoin will continue to rise next, or will it face a correction? Feel free to share your views in the comments! 🚀
According to Coinglass data, the open interest of Bitcoin futures has continued to grow recently, finally breaking through the $80 billion mark, setting a new historical high. Among them:
CME ranks first with $18.24 billion.
Binance follows closely with $13.5 billion.
The surge in open interest usually indicates an increase in market capital inflow and higher investor participation. Historical data shows that when open interest reaches a new high, Bitcoin's price often continues to rise in the short term, but may subsequently face consolidation or correction.
⚠ Risk Warning: If the market suddenly encounters negative news, high-leverage positions may trigger a chain liquidation, leading to severe fluctuations; investors need to manage risks cautiously.
Long-term holders are firmly bullish while short-term traders dominate the market.
On-chain data company Glassnode noted that although Bitcoin's price has reached a new high, the scale of profit-taking on-chain is only about $1 billion, far lower than the $2.1 billion when it first broke $100,000 last December. This indicates that long-term holders (LTH) still prefer to hold their coins for appreciation rather than rushing to cash out.
In addition, market circulation data shows:
76.9% of Bitcoin is driven by short-term traders holding for less than 1 month.
The activity of old coins held for more than six months has dropped to 13.4%.
This structure indicates that the current market is mainly driven by short-term speculative funds, but the reluctance of long-term holders to sell still supports the bullish expectations in the market.
Summary: The market is hot, but beware of short-term fluctuations.
The surge in open interest of Bitcoin futures and on-chain data both indicate that the market is still in a strong phase, and long-term investors are confident. However, the increase in open interest in a high-leverage environment also means that market volatility may intensify, and investors need to closely monitor market changes and control their positions reasonably.
Do you think Bitcoin will continue to rise next, or will it face a correction? Feel free to share your views in the comments! 🚀
