Bitcoin Open Interest Skyrockets, Fueling Altcoin Rally

Trading activity surrounding Bitcoin has reached new heights, with open interest (OI) surging to record levels, indicating a heightened anticipation for substantial price movements. This surge in OI often precedes increased market volatility, suggesting that Bitcoin may soon break out of its current trading range. 🎯 📈 Ethereum, meanwhile, remains largely stable near key resistance levels. While Bitcoin’s prices remain confined to a tight range between support and resistance, high leverage trading activity is driving significant price action.