Bitcoin’s Open Interest and Spot Trading Volume Surge to New Peaks

Recent data from Glassnode indicates a substantial surge in Bitcoin’s open interest (OI) and spot trading volume. Open interest has jumped from $36.2 billion to $38.6 billion within the past 36 hours, marking its highest level since late March. Simultaneously, spot trading volume saw a significant increase, rising from $2.9 billion to $8 billion. These developments suggest heightened market activity and investor engagement.