Bitcoin Open Interest Jumps Sharply

Bitcoin’s open interest surged by $4.24B in a single day, marking an 18% increase — the largest daily rise over the past year, according to CryptoQuant.
Such a rapid expansion in open interest usually signals fresh leverage entering the market, setting the stage for higher volatility in the short term.
Whether this turns into continuation or a shakeout will depend on who gains control next — bulls or bears.