The general crypto market began to experience bullish movements, and BitcoinThe largest digital asset went briefly from $ 84,000 at the $ 88,400 threshold. As the price of BTC undergoes a slight increase, several areas of its market dynamics have experienced a significant increase, such as open interest (OI).
A rebound in the open interest of Bitcoin
The feeling of the Bitcoin market seems to move to a positive perspective while the cryptography market rebounds slowly. By encouraging report Since Ali Martinez, a technical and chain expert, the open interest of Bitcoin on the main cryptographic platforms has experienced a strong increase.
With The open interest of the BTC increases In addition to market growth, progress signals a wave of new optimism among large and small -scale investors. This increase in open interest, which is sometimes considered as a crucial marker of speculative activity, implies that traders become more active and place bets on major price movements in the future.
The data show that open interest has increased by around $ 3.2 billion, bringing its overall value to more than $ 30.5 billion. Ali Martinez said this substantial growth occurred within 24 hours while prices increased at the $ 87,000 threshold.
Before the increase on Monday, the BTC’s open interest was approximately $ 27.2 billion on Sunday, reflecting an increase of more than 10% compared to a period of 24 hours. While the BTC continues to stabilize near the crucial resistance levels, the growing open interest can have an impact BTC pricetriggering an extension of the current trend.
When this happens, more investors and traders are likely to hire the flagship asset while they position themselves for what could be the Next significant step in its price trajectory. Indeed, such notable growth in activity on the chain can be a turning point for Bitcoin.
The profits of long -term BTC holders increase
The recent upward trend of the BTC has resulted in significant profit for long -term holders or whales in recent days. At the price level of $ 84,882, Ali Martinez highlighted that long -term holders have carried out nearly $ 155 million in profits. If the upward trend will continue, these whale holders can consider massive short -term profit, especially if the assets come back key levels Like the $ 100,000 mark or its current top of all time.
Darkfost reports, a market expert, reveal that these investors already make around 85% profits as Long -term holders The production profit report spent (SOPR) hangs around the level of 1.85. However, the expert warned investors to prepare for all scenarios and to be willing to reduce losses if necessary or make modest profits if the conditions deteriorate.
At the time of writing this document, Bitcoin was negotiated at $ 87,117, demonstrating an increase of almost 3% in the last day and an increase of almost 4% last week. The feeling of investors has improved considerably in parallel with price growth. Coinmarketcap data show an increase in the negotiation volume of more than 181% in the last day.
Adobe Stock star image, tradingView.com graphic
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