The post What Binance Open Interest Says About Bitcoin Moves appeared on BitcoinEthereumNews.com.

Open Interest on Binance jumped sharply, signaling revived bullish sentiment in the BTC derivatives market. Surge in futures and options volume reflects rising trader confidence and market engagement. The Bitcoin market is heating up again. Not only on the price chart, but also in the derivatives space which is increasingly busy with activity. According to CryptoQuant data, one of the most striking indicators currently comes from Binance, where the surge in Open Interest, aka the total value of open positions in the futures market, is the main highlight. From its initial figure of $7.5 billion on April 8, its value has now skyrocketed to above $11.2 billion. Source: Darkfost on CryptoQuant Bitcoin’s Bullish Track: When Technicals Meet Derivatives Let’s say this market is like a racing arena, Open Interest is the number of cars that are still actively competing on the track. The more cars that are speeding, the greater the possibility of a surprise ahead. In this context, the higher the Open Interest, the greater the market energy that can push the BTC price up. On the other hand, there are technical details that are no less interesting. The 30-day and 50-day simple moving averages (SMA) have now broken back above their 100-day averages. This means that buying pressure is again dominating the short- and medium-term trends. If you are a trader who likes to read charts, this is like a green light signal in the middle of a congested city light—making many people push the gas even deeper. Furthermore, the latest data from CoinGlass confirms the same story. Bitcoin derivative trading volume has increased drastically by 77.31% in just 24 hours, reaching a fantastic figure: $218.95 billion. This number is not only large, but also a kind of sign that market players—big and small—are very active behind the…

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Filed under: News - @ May 23, 2025 12:20 am