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

  • Bitcoin futures open interest reaches an all-time high of over $80 billion, indicating increased speculation on rising prices.
  • Spot Bitcoin ETFs attract over $2.5 billion in inflows, suggesting institutions are purchasing actual Bitcoin to support the market amidst volatility.
  • Bitcoin options open interest is concentrated at high strike prices like $110,000 and $120,000, indicating expectations for further price increases.
  • As Bitcoin price nears $112,000, traders face expiry risk with around $2.76 billion of contracts expiring today, potentially leading to sudden market moves.

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