Fun

Traders Pile In: Bitcoin Open Interest Hits All-Time High As Price Nears $112K

News Feed - 2025-05-24 02:05:29

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


Bitcoin futures open interest has climbed to fresh record highs this week. Traders have piled into contracts betting on rising prices. Open interest topped $80 billion on May 23, up roughly 30% since the start of the month. That shows more money is riding on Bitcoin’s next moves than ever before. Related Reading Bitcoin’s $10K Rhythm: Steady Climb Signals Strong Push To $115K 4 days ago Rising Futures Interest


According to CoinGlass, more than $80 billion of Bitcoin futures contracts remain open. That’s the largest total on record. Traders have boosted positions by about 30% since May 1. Many are using borrowed funds to bet on higher prices. Big moves in either direction could trigger forced sales if the market flips. ETF Inflows Provide Support


Based on reports, spot Bitcoin ETFs have attracted over $2.5 billion in inflows this week. Those are real coins moving into vaults. Institutions aren’t just trading on paper—they’re buying actual Bitcoin. Those flows help steady the market when risky bets start to wobble. They add a layer of demand that didn’t exist in past rallies. Source: Coinglass Option Bets Cluster At High Strikes


Bitcoin options open interest is also at eye-catching levels. On Deribit, traders have piled in more than $1.5 billion of bets at the $110,000 and $120,000 strike prices. There’s over $1 billion at $115,000, $125,000 and $130,000 strikes too. That shows people are thinking the price could keep climbing well above six figures. But it also means there’s a lot of money riding on a narrow band of outcomes. BTC is now trading at $110,940. Chart: TradingView Expiry Risk Looms Over Market


Nearly $2.76 billion of Bitcoin contracts are set to expire today, May 23. Based on reports from Deribit, the put/call ratio stands at 1.2, meaning there are slightly more bets on a price drop than on a rise. The so-called max pain level sits near $103,000—the point where the largest number of options will finish worthless. If price drifts toward that level, it could trigger squeezes or sudden moves as traders scramble. Related Reading Bitcoin Goes Corporate In Indonesia With $100 Million Treasury Shift 3 days ago Bitcoin Price Nears $112K


Bitcoin’s spot price climbed to around $111,150 in late trading, reaching as high as $111,999 earlier in the day. That’s a new high, but it came in a steadier climb than past breakouts. Many point to easing trade tensions between the US and China. Others highlight Moody’s downgrade of US sovereign debt as driving interest in alternative stores of value. That mix of drivers has helped carry prices higher without the typical fireworks.


Looking ahead, traders will watch whether ETF demand can keep counterbalancing the risks from crowded futures and options markets. A small pullback could spark a wave of liquidations that sends prices tumbling fast. But continued big inflows into ETFs could give longer legs to this rally. Either way, volatility looks set to stay high in the weeks to come.


Featured image from Unsplash, chart from TradingView

News Feed

FTX estate to unload $7.6B locked Solana balance at 68% discount
Zhiyuan Sun7 hours agoFTX estate to unload $7.6B locked Solana balance at 68% discountBuyers are required to agree to a vesting period of four years for their FTX SOL purchase.4859 Total views5 Total sharesListen to arti
Ethereum Consolidates As Momentum Builds – Analyst Has $3K In Sight For June
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Brayden Lindrea7 hours agoBitcoin-friendly Javier Milei wins Argentina presidential electionMilei won over 55% of the votes, with 99% of the votes counted in the run-off presidential election.5223 Total views27 Total sha
Rakesh Upadhyay3 hours agoPrice analysis 8/7: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTCBitcoin’s failure to rebound off strong support may open further downside, as bears may be tempted to sell.950 Total views1
Fidelity files S-1 application with US SEC for spot ETH EFT with staking
Derek Andersen6 hours agoFidelity files S-1 application with US SEC for spot ETH EFT with stakingStaking rewards could create a taxable event for shareholders and introduce new risks associated with the fund.2709 Total v
Biggest Movers: SHIB Jumps 13% on Saturday, Hitting a 4-Month High
Biggest Movers: SHIB Jumps 13% on Saturday, Hitting a 4-Month High Shiba inu extended recent gains into the weekend, as the meme coin rose to its highest point in four months. Toda
ShapeShift settles pre-DAO SEC case, Uniswap hits 2-year high: Finance Redefined
Prashant Jha4 hours agoShapeShift settles pre-DAO SEC case, Uniswap hits 2-year high: Finance RedefinedAmid a marketwide bullish run, Uniswap’s UNI token has reached a new two-year high.304 Total viewsListen to article
Marcel Pechman3 hours agoBitcoin derivatives data suggests BTC price holds the current rangeBTC investor sentiment turns increasingly bullish after this week’s quick rebound from a sharp price correction.1101 Total vie
Analysts Say an Onslaught of Fed Rate Hikes Could Spur a ‘Bond Market Flash Crash’ or ‘Blow up the Treasury’
Analysts Say an Onslaught of Fed Rate Hikes Could Spur a ‘Bond Market Flash Crash’ or ‘Blow up the Treasury’ The U.S. economy has been struggling with inflation running ram
Spanish Exchange 2gether Blocks Operations, Affecting 100,000 Users
Spanish Exchange 2gether Blocks Operations, Affecting 100,000 Users 2gether, one of the oldest cryptocurrency exchanges in Spain, has suddenly blocked its operations, leaving its u
Green Bay Packers Quarterback Aaron Rodgers Gets Paid in Bitcoin, Gives Away $1 Million in BTC
Green Bay Packers Quarterback Aaron Rodgers Gets Paid in Bitcoin, Gives Away $1 Million in BTC Green Bay Packers quarterback Aaron Rodgers is taking a portion of his salary in bitc
Grayscale announces plans for Bitcoin ETF spinoff
Alex O’Donnell3 hours agoGrayscale announces plans for Bitcoin ETF spinoffCurrent GBTC shareholders will receive shares in Grayscale’s new Bitcoin ETF in proportion to what they currently hold in GBTC.1621 Total view