Bitcoin Futures Surge: $72 Billion Open Interest Signals Potential Break Above $110,000

Bitcoin futures markets experienced a historic surge in open interest on May 20th, sparking speculation about a potential price breakout above the $110,000 level. Data points to heightened institutional activity and elevated leverage levels as key drivers behind this rise. While Bitcoin has struggled to hold above $107,000 since May 18th, the current market dynamics suggest a possible short squeeze could occur if it breaks past that resistance point.