Bitcoin enthusiasts are eyeing a potential jump to the $100,000 mark, but challenges lie ahead. Recent data reveals a surge in bullish sentiment with high Futures and Options Open Interest, exceeding levels not seen since March. This has fueled a 6.33% price increase over the past day, reaching a one-month high of $93,756. 0.59 Put/Call open interest suggests a strong bullish trend, with Call Open Interest significantly surpassing put open interest by $19.3 billion vs $11.5 billion. Options and Futures Open Interest also surged: $30.7 billion in Options interest grew from $28.5 billion within a day, while Futures Open Interest rose to $38.6 billion, gaining $2.4 billion in 36 hours. Binance investors remain skeptical about Bitcoin’s long-term sustainability. Their Funding Rates have turned negative, hovering at -0.006 despite the price movement. This historically corresponds with significant price changes, as seen on October 16th, 2023, and September 9th, 2024. A surge in demand, reflected by Exchange Netflow remaining negative, has been driving this rally. Short-term holders (STHs) are currently in profit, with their realized price at $91K while Bitcoin trades above $93K. However, if STHs sell after a month underwater, BTC may retrace to $87K.