Open interest (OI) in Bitcoin futures has reached an all-time high of more than $80 billion, reflecting growing speculation that BTC will reach new record prices.
CoinGlass data shows a 30% increase in open interest since early May as traders increase leveraged bets on potential upside momentum.
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Open interest represents total unsettled futures contracts, indicating the scale of current market activity.
A spike in open interest often indicates excessive leverage, when traders borrow heavily to expand positions.
If the Bitcoin price swings against these bets, forced settlements could trigger heavy selling and volatility.