Digging deeper into on-chain sentiments, BTC’s surge in Open Interest (OI) across derivatives platforms supports the growing demand.
OI—essentially the total number of outstanding contracts, has been climbing steadily for the last month.
This suggests that more capital is entering the market, both in anticipation of upward moves and as a hedge against volatility.
What makes this trend even more significant is that apart from retail driving the volume. Institutional capital, mostly flowing in through ETFs and other regulated products, is becoming a dominant force.
This shift could build a stronger and more stable foundation for BTC’s next rally.
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