Bitcoin Futures Trades Flip Bullish Into $121K BTC highs
The post Bitcoin Futures Trades Flip Bullish Into $121K BTC highs appeared on BitcoinEthereumNews.com.
Key points: Bitcoin futures buy volume indicates that traders are becoming increasingly long-term bullish on BTC this month. The $110,000 “gap” in CME Group’s Bitcoin futures remains unfilled. Bitcoin ETF options experience a spike in popularity as IBIT open interest nears $40 billion. Bitcoin (BTC) derivatives traders are flipping “aggressively long” as price squeezes closer to all-time highs. In a new analysis released on X Friday, J. A. Maartunn, a contributor to the onchain analytics platform CryptoQuant, revealed a significant shift in Bitcoin futures in October. Bitcoin futures buy volume surges in October Bitcoin futures markets are undergoing a transformation in sentiment as October gets underway. As Maartunn showed, net buy volume has surged, and is now outpacing net sell volume by $1.8 billion. “Futures buyers are stepping up,” he commented alongside a CryptoQuant chart of net taker volumes on the largest crypto exchange, Binance. Bitcoin net taker volume (Binance). Source: Maartunn/X The post was a response to observations by CryptoQuant CEO Ki Young Ju, who noted that Bitcoin’s latest local highs came on the back of sustained buy momentum among derivative-market whales. “A clear sign of aggressive long positioning,” Maartunn added. Just days ago, futures markets were hitting the headlines for the opposite reason. A weekend “gap” left in CME Group’s Bitcoin futures had become a new short-term BTC price correction target for traders, lying just above $110,000, per data from Cointelegraph Markets Pro and TradingView. CME Group Bitcoin futures one-hour chart with gap highlighted. Source: Cointelegraph/TradingView Despite gaps being filled within weeks or days in recent months, sellers failed to initiate a deep enough retracement this week. As Cointelegraph reported, plans are afoot at CME to make Bitcoin futures trade around the clock, removing the “gap” phenomenon. Bloomberg analyst: Bitcoin ETFs are “no joke” The US spot Bitcoin exchange-traded funds (ETFs),…
Filed under: News - @ October 3, 2025 11:26 pm