The Bitcoin open interest rose again quickly, with the prize that pushes over earlier peaks to new all time. The BTC price has also remained over $ 100,000 During a longer period, which activates a new wave of trust that the cryptocurrency has found its soil. This has meant that crypto traders have made their bets and stimulated the open interest, drifting back above December 2024 levels and May 2025 peaks.
Bitcoin Open interest again crosses $ 70 billion
In December 2024, the Bitcoin Open Interest had registered a new milestone after the volume rose to more than $ 70 billion, which marked a new all time at the time. The Bitcoin price had also risen sharply at the moment and was able to reach $ 100,000 for the first time in history, so that there was even more interest in active.
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However, as soon as both the price and the open interest rate hit these milestones, it was not long before the shorters started to take over the market. The Bitcoin price quickly fell back below $ 100,000, and in the coming months, Open interest would come back Until the $ 40 billion territory, resulting in a 40% loss in May 2025.
Now, again, the Bitcoin Open interest has crossed the $ 70 billion, near the peak of $ 77 billion registered in May 2025, Data from Coinglass Shows. In the same spirit, the BTC prize has been able to keep more than $ 100,000 and has a new highest peak of $ 117,000. By going historical achievements, it is likely that the Bitcoin price will continue to rise from here, but this break to new all time could have implications.
This is because it is possible that the trend of December 2024 could play again. If this happens, the Bitcoin prize can after touching new highlights after touching new highlights, an expected correction While shorts accumulate.
BTC price risks another crash
As the Bitcoin open interest continues to rise And the prize has already been distributed to new highlights, the expectations of a downward trend have become stronger. NewsBTC reported that Crypto Analyst Friendlyrox expects the Bitcoin price to crash by almost 50%, making the target as low as $ 60,000 by the time it has been done.
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Crypto analyst and market expert Capo van Crypto has also become a member of the train, prediction of a remarkable crash event that will send Bitcoin under $ 100,000 and will destroy Altcoins in the trial. This is when settings accumulate in the cryptomarket, with Bitcoin in the lead, and Capo predicts a possible ‘Black Swan’ event such as the Covid -Crash.
Featured image of dall.e, graph of tradingview.com