Bybit’s latest weekly crypto derivatives report, in collaboration with Block Scholes, reveals record activity across major digital assets. Bitcoin (BTC) reached a new all-time high (ATH) of $111,000, driving surging perpetual swaps and open interest on Bybit, reaching a monthly peak of over $11 billion. Trading volume also hit its highest point this May at $26 billion, signaling robust market participation driven by risk-on sentiment. Analysts predict Bitcoin could break through the $110,000 mark this week, potentially exceeding $130,000 by the end of May. These bullish predictions are fueled by a narrowing price range and an upcoming breakout, indicated by technical patterns on the BTC chart.