<ul data-eligibleForWebStory="false"><li>Bitcoin has climbed back toward the $110,000 mark, showing a reignition of bullish momentum.</li><li>The recent surge has brought Bitcoin close to its all-time high, but questions about the sustainability of the rally arise due to a spike in the Open Interest.</li><li>The Open Interest metric in the derivatives market saw a sharp increase alongside the rally, indicating heightened speculative activity and potential volatility in Bitcoin's price.</li><li>Analysts point out that previous spikes in Open Interest have coincided with cryptocurrency price tops, suggesting caution and uncertainty about the current rally's longevity.</li></ul>

Bitcoin Hits $110,000, But Analyst Warns Rally Leverage-Driven

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